Economic recessions often stress a business’s income. Commercial real estate remains a stronghold when you’re looking to diversify your investments and income. Mihal Gartenberg, an agent at Warburg Realty Partnership, said “when the stock market is doing poorly, investors who are looking for other opportunities find that real estate is a safe haven.” A recession doesn’t have to be the end of your investments and there are several ways you can protect your commercial real estate and add value to your property during a recession.
Build your relationship with existing clients so they get to know you personally before thinking of you as a business. A changing economy may cause you to change how you approach clients, so do your best to let them know you can still offer the best services and results. Consider varying your forms of communication with clients as everyone has preferred methods. For example, some clients may be more responsive over text messaging than email.
Going digital can also aid your quality of service. Meetings can be accomplished over video or phone calls. You can set up virtual 3D tours property tours or live streams, and you can complete closings electronically as well. Becoming tech-savvy will also help streamline workflows and optimize the contribution of staff members.
Economic recessions don’t mean you should stop looking for great commercial property investments. Melbourne, FL is full of investment opportunities and finding a prime location for your commercial property investment can place you on the right track to a recession-proof investment.
Ullian Realty is a trusted real estate firm with decades of experience working with investors, corporations, brokerage firms, and government agencies. The Ullian Realty Corporation is structured to provide clients with productive and effective real estate services. These services are performed with precise information, vast experience, and highly specialized skills.
Mike Ullian, President, and founder of Ullian Realty has a reputation for integrity and has proven himself through numerous transactions and deals. Mike’s active membership in the Certified Commercial Investment Member (CCIM) and the Society of Industrial and Office Real Estate (SIOR) ensures that his clients receive professional, high-quality service.
Adam Rathbun Broker Associate &; Property Manager (CCIM) expertise is in office, industrial, retail, land, self-storage, and investment properties.
Zach Ullian specializes in Commercial &; Industrial Leasing & Sales and has consistently demonstrated his ability to find qualified buyers, sellers and tenants for properties.
Despite real estate downturns, Ullian Realty has never wavered in its commitment to closing real estate transactions for their clients. Ullian Realty brings professionalism and certified experience to every deal.
Regardless of how you intend to recession-proof your commercial real estate investment the team at Ullian Realty is available to help. Give us a call today to learn more about our services and property listings.
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