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June 2016 Archives

U.K. break from E.U. could impact U.S. CRE markets

Commercial real estate investors in Missouri could soon face new competition from abroad. In the wake of the U.K.'s exit from the European Union, the British CRE market will become characterized by heavy confusion. During this time, comparatively stable American markets may become increasingly attractive to investors who once favored commercial property in cities like London.

What Missouri investors should know about real estate

According to Pacific Investment Management Co., commercial real estate prices in the United States could drop 5 percent in the coming 12 months. Lower prices will largely be a result of slowing demand in China as well as declines in oil prices. Already, prices in big cities have fallen 3 percent since April 2016. Although volatility may be high in the near term, PIMCO did say that buyers make find bargains on quality properties as prices fall.

Office space prices may have late recovery

Many people who invested in commercial property in Missouri during the recession are now watching the prices go up. Almost every property type has now surpassed the price levels that it was at before 2008. With so many property types hitting high price levels, investors may not see a lot of opportunities to buy.

Coworking trends and commercial real estate implications

A Missouri companu may find that a long-term lease can be cumbersome in an era of rapid technological change. As business methods such as co-working gain in popularity among companies of varying sizes, the need for space may dwindle significantly. According to statistics, the average amount of space per employee decreased by nearly 50 square feet between 2010 and 2012. A drop from the 2012 numbers of another 25 square feet per employee is projected by 2017. Commercial real estate could be affected because of these lower space requirements.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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