Quantcast
Channel: Office Space Omaha's Blog » Commercial Leasing
Viewing all articles
Browse latest Browse all 3

Office Space is Here!

0
0

Omaha is looking at a whole new market: Commercial Lending.  With the recent scare with CIT, many are worried that they will not even be coming close to getting that commercial loan they need to start up their new building.  All kinds of people are cutting back on the risks they are taking in the office space leasing investment game, especially those with only a few million dollars in assetts.  Granted, to most of us the words “only” and “a few million” should never be placed on the same line, but in reality a few million dollars is barely enough to get the ball rolling on one of these new commercial buildings that we see going up all the time.  Usually they seem to be funded by corporations or partnerships, but it is quite rare to find a sole proprietor with enough startup cash and know-how to create one of these wonderful commercial buildings.

I suppose that the reason we usually only find corporations doing these sort of commercial ventures is because not only is a business more likely to have the credit and startup cash required, but they also have the advantage of a larger contact and advertising pool.  Rarely will office space in Omaha be put up to only be used by a single company, as something as simple as property taxes could cause a bankruptcy filing should they have a slow few quarters.  In Omaha, a $7,000,000 building can expect to pay around $150,000 per year in just property taxes.  This would simply not be worth all the cost for one company’s office space.  Add maintenance and necessary employees, and you’ve got yourself a problem.



Viewing all articles
Browse latest Browse all 3

Latest Images

Trending Articles





Latest Images