Posted on Sunday 7.18.2010
Commercial Properties for Sale - Miami Real Estate
According to CoStar Group, investors are showing their confidence that the hotel sector is rebounding by spending $2.9 billion on commercial properties for sale
across the country. This sudden uptick in the many hotels for sale being bought is only occurring after the hospitality sector was hurt by large declines in revenue per available room. Also adding to this, investors saw the prices for commercial properties for sale decline as much as 50 percent since their peak in 2006 to 2007.
But now the declines in revpar (revenue per available room) have decrease and prices of hotels for sale
are starting to firm up. Investors are focused on establishing their place in the recovering market and seem to start taking advantage of bottom prices, as most commercial properties for sale are trading well below replacement costs and historical values. Sellers, meanwhile, are cashing in on the lack of quality commercial properties
for sale on the market, improved borrowing conditions and the readiness of buyers to accept lower initial yields. A majority of these deals involve distressed properties.
Miami Real Estate
– MLR Realty
is a leader in the Miami real estate market. Call their office today at 305-673-3303 to speak with a Realtor that specializes in commercial properties for sale in Miami or follow this link to their commercial real estate website: www.InvestCommercialMiami.com