To: Brian Griffin
Renting it isn’t the problem. As one commercial realtor told a client of mine years ago: “You’re listing this space for $20 per square foot and you’re getting no takers. If you listed it for $2 per square foot you’d have prospective tenants lining up at your door.”
For commercial property that has a mortgage on it, the real question is: Can the landlord charge enough rent to cover the mortgage payments?
11 posted on
04/10/2023 10:06:20 AM PDT by
Alberta's Child
("I've just pissed in my pants and nobody can do anything about it." -- Major Fambrough)
To: Alberta's Child
What is already happening is some REITS are refusing to let their investors withdraw all or part of their money.
That is a waving red flag to any future investors.
12 posted on
04/10/2023 10:15:23 AM PDT by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: Alberta's Child
That is a key question. If you have to refinance the debt on a CRE property now at 7% when you were paying ~3% before... trouble. Especially if over-leveraged. If it is owner-user it should be easier to refinance it assuming the business can show that it has the cash flow to pay the loan.
23 posted on
04/10/2023 11:37:30 AM PDT by
monkeyshine
(live and let live is dead)
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