Tax Lien Expert Saen Higgins Notes Commercial Rates Creeping Up Again
Rental prices for top-tier office space in cities along both coasts are on the rise once more, according to noted tax lien specialist Saen Higgins. After studying current trends, he anticipates that commercial rents in New York, Boston, Washington D.C., Los Angeles and San Francisco could generate about 1% more this year than the previous one.
While that's not a lot, Saen Higgins points out that this slow, uneven uptrend should continue throughout the year. As this is occurring, foreclosures and delinquencies should keep the volume of distressed property sales high as well.
Metro areas between the coasts remain flat, for the most part, Higgins said, but at least the downslide has been stymied. Tenants and landlords expect greater demand for space next year as the economy improves, so rents are adjusting accordingly. Apartment buildings are projected to lead the rebound, followed by a pickup in warehouse and retail space. Hotel and mid-price office space will probably be the last to show significant gains, but even they should come around in the not too distant future.
"Conditions in the real estate market, while improving, are still considered just fair," said Higgins. "There are still a few challenges, such as cautious consumer spending, not to mention higher prices for energy and oil. But there is reason for modest optimism."
Data seem to back up Sean Higgins' analysis, though sluggish job expansion and meager income growth continue to keep the market from making even bigger gains. The overall consensus is that the economic recovery should continue to strengthen in 2011.
Saen Higgins explains that there shouldn't be too much concern about oversupply in the commercial sector since new development is anemic at best. With real estate loans becoming due, however, many borrowers may not have the available funds. This could potentially put more properties back on the market, but analysts remain cautiously buoyed by the latest numbers.
According to Higgins, the general upward movement in commercial rents should not heavily impact property investments such as tax lien certificates and property deeds, which still remain an excellent vehicle for people looking for a substantial return that is guaranteed by the government. In cases where lien certificate holders have taken the next step by purchasing the deed to the property, Higgins suggests holding the property as a rental for the foreseeable near future. This will ensure good cash flow while waiting on housing prices to rise.
Saen Higgins is a world-renowned property tax lien expert, lecturer and best-selling author of Wealth Without Risk, now available on www.Amazon.com. For more information, please go to www.SaenHiggins.tv or www.HigginsNationalTaxSaleDirectory.com.
While that's not a lot, Saen Higgins points out that this slow, uneven uptrend should continue throughout the year. As this is occurring, foreclosures and delinquencies should keep the volume of distressed property sales high as well.
Metro areas between the coasts remain flat, for the most part, Higgins said, but at least the downslide has been stymied. Tenants and landlords expect greater demand for space next year as the economy improves, so rents are adjusting accordingly. Apartment buildings are projected to lead the rebound, followed by a pickup in warehouse and retail space. Hotel and mid-price office space will probably be the last to show significant gains, but even they should come around in the not too distant future.
"Conditions in the real estate market, while improving, are still considered just fair," said Higgins. "There are still a few challenges, such as cautious consumer spending, not to mention higher prices for energy and oil. But there is reason for modest optimism."
Data seem to back up Sean Higgins' analysis, though sluggish job expansion and meager income growth continue to keep the market from making even bigger gains. The overall consensus is that the economic recovery should continue to strengthen in 2011.
Saen Higgins explains that there shouldn't be too much concern about oversupply in the commercial sector since new development is anemic at best. With real estate loans becoming due, however, many borrowers may not have the available funds. This could potentially put more properties back on the market, but analysts remain cautiously buoyed by the latest numbers.
According to Higgins, the general upward movement in commercial rents should not heavily impact property investments such as tax lien certificates and property deeds, which still remain an excellent vehicle for people looking for a substantial return that is guaranteed by the government. In cases where lien certificate holders have taken the next step by purchasing the deed to the property, Higgins suggests holding the property as a rental for the foreseeable near future. This will ensure good cash flow while waiting on housing prices to rise.
Saen Higgins is a world-renowned property tax lien expert, lecturer and best-selling author of Wealth Without Risk, now available on www.Amazon.com. For more information, please go to www.SaenHiggins.tv or www.HigginsNationalTaxSaleDirectory.com.
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