Commercial property demand rising but pitfalls await the unwary
When vacancies are tight, prices for commercial property are usually higher, but don’t be tempted to quickly close a deal without conducting proper due diligence.
Retail, such as these outlets in Footscray, Melbourne, is just one of myriad commercial property investment categories. (Image source: Shutterstock.com)
Economic growth in recent years has increased the demand for commercial property
but a limited supply has contributed to the tightening of vacancies.When vacancies are tight, it may be tempting to take on higher risk investments. Due diligence is essential in assessing the risks associated with a property and making informed decisions about whether the investment is worth the risk.
Due diligence involves researching and reviewing relevant docu…
