Ferrer CREA, LLC. anticipates Industrial vacancy will continue to climb in the first half of 2018 due to new Distribution Centers (DC) product coming on line. Much of the new deliveries are large distribution centers which will have an outsized impact on vacancy rates. These larger 300k+ SF products will move the needle significantly more in a market like Charleston …
4 Tips When Leasing or Renting Your Commercial Office Space
Last month we gave tenants some pointers when looking to rent or lease office space for their business. Today, we’re flipping the coin and speaking to the Landlords of commercial property and commercial office space. Filling vacancies is not rocket science; however, it can be extremely time consuming and frustrating…especially for landlords who own several commercial office buildings around town. …
Tips for Successful Real Estate Investing
Over the course of human history, few investments have faired historically as well as real estate. When considering investing there are no wrong types of real estate to invest in; however, you must fully understand the benefits and risks associated with both residential and commercial real estate investments. The two main classifications of real estate investing are residential vs commercial …
Four Tips When Looking to Rent Office Space for Your Business | Charleston SC
Are you looking to grow or expand your business and find yourself needing office space? Mike Ferrer, CCIM, MCR and Commercial Real Estate Broker shares his tips for finding and leasing the perfect, most cost effective office space for your business. When looking to rent office space for your business in Charleston, take the time to follow these tips: 1. …
Are High Charleston Rental Rates Pushing Businesses Out?
Charleston’s Rent Is On the Rise The Charleston Retail Real Estate Market can often lead to unique delivery opportunities, like going mobile. Today, we’re chatting about how high retail rental rates in Charleston South Carolina can create innovative business space like mobile offices in RVs or food trucks. Rental rates have skyrocketed, especially on Charleston’s King Street which is one …
The Synthetic Lease in Commercial Real Estate
The Synthetic Lease in Commercial Real Estate What is a synthetic lease? A synthetic lease is a relatively new technique which allows a lessee to control real estate and reap rewards by way of tax benefits for depreciation. Essentially the synthetic lease is structured in a way so as not to be recorded as a liability on the balance sheet but …
Mike Ferrer Represents Buyer In Purchase of Medical Office Building | Darby Development
Mike Ferrer, CCIM, MCR represented the buyer, Darby Development, in the purchase of a medical office building located at 1481 Tobias Gadson Blvd. for $3.95 million ($2.33/sq.ft.) from Di Partners LLC represented by Gregg Legerton of Avison Young. Totaling 17,690 square feet and sitting on 1.6-acres, this medical office building houses an on-site pharmacy and is close to the Rehabilitation Hospital and medical …
Medical Office Building For Sale | Commercial Property For Sale
Medical Office Building For Sale Charleston, SC 897 VON KOLNITZ RD presents an excellent opportunity to acquire a Class A Medical Office Building located near large hospitals in desirable Mount Pleasant, South Carolina. BUILDING SF 13,381 SF AVAILABLE SF 6,521 SF FIRST FLOOR 12,683 SF MEZZANINE 698 SF This MEDICAL OFFICE BUILDING, totaling 13,381 square feet on 1.99 acres is …
Volvo Adds 2nd Production Line to Charleston Plant
Volvo Adds 2nd Production Line to Charleston Plant Mike Ferrer, CCIM, MCR with Ferrer Commercial Real Estate Advisors, LLC discusses how Volvo adding a second production line in their new plant might affect the Lowcountry, automobile industry, and commercial real estate in Charleston, SC. Charleston Commercial Real Estate Agent Mike Ferrer, CCIM, MCR has over 15 years of commercial …
Parking w/ an Industrial Lease
Parking w/ an Industrial Lease Unlike office parking ratios which frequently focus on employee density, industrial lease parking must take into account many more factors including the size of delivery vehicles, loading docks, and use of outdoor space. The type of business you run and the work on the grounds all come into play when deciding if the industrial lease …