Commercial Real Estate Sales and Rentals in the LBI New Jersey Real Estate
Commercial Real Estate Update on Long Beach Island NJNathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Commercial Real Estate and the LBI NJ Real Estate Market
There are several different sectors of the LBI real estate market including single family homes, condos, duplexes, vacant land, storm damaged homes, time shares and commercial real estate. Of all the different forms of real estate on Long Beach Island, commercial real estate tends to be the slowest area of the market however 2014 is shaping up to be a busy year in the commercial real estate market on Long Beach Island.
Commercial Real Estate Update on Long Beach Island NJ
Over the past year, there have only been about 5 real estate transactions on Long Beach Island and some of these were sold as residential building lots. 2014 has shown to be a very different year with many investors seeing opportunity in the LBI NJ real estate market. There are a few reasons for this new interest:
- The Long Beach Island real estate market has shown strong improvement over the past few years with home prices well on the rise
- The LBI area showed great strength in the wake of Hurricane Sandy with a quick recovery and an ability to produce a successful summer season only a few short months after the area was devastated by the storm
- Summer rentals have been very strong so far which points to a busy summer on Long Beach Island
For those looking to invest in the commercial real estate market on Long Beach Island there are three options available. They are a commercial lease, a lease with the option to purchase or a straight commercial real estate purchase. Each has benefits and disadvantages so it is important to understand each when looking at commercial real estate on LBI. A commercial lease offers a minimal upfront investment which allows the business owner to invest more into their business. A commercial real estate purchase can benefit from the possible appreciation of the land value in the transaction however the purchase of real estate requires a major upfront investment before having to invest money into the business. A lease with the option to buy is arguably the best form of investment in the commercial real estate market on LBI as it allows for less upfront money but still offers the ability to benefit from the ownership of real estate once the business is established.
Buying and Selling Commercial Real Estate on Long Beach Island
When looking to buy or sell in the commercial real estate market on Long Beach Island it is important to understand that there are some great differences between commercial real estate and the other forms of ownership on LBI. Commercial real estate is less about emotion and more about the “bottom line” so it is important to understand what makes a successful business on LBI and what is required to make the commercial investment worthwhile! For more information about Commercial Real Estate Updates on Long Beach Island NJ feel free to contact me, Nathan Colmer, and I will be happy to explain the commercial real estate market on Long Beach Island.
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Related Articles:
- Summer 2014 Rentals on Long Beach Island
- Beach Haven NJ Real Estate in 2013
- Price Reductions in the LBI NJ Real Estate Market