Dayton has great opportunities despite the weak market over the last few years. While many companies are downsizing and cutting costs it becomes good news for landlords who will realize a growing demand for lease space. Owner having trouble selling may find it better to lease now and sell when the market peaks.
Investors should be looking at buying commercial property as investments. Opportunities to buy existing properties at below market prices should generate huge returns and appreciation when the market turns around. Also opportunities exist where owners would sell the property and lease back from the investor.
A secondary consideration for investors should be multi-family complexes consisting of 10 units plus. With more restrictive lending guidelines for home mortgages many do not qualify to purchase a home. So many landlords are experiencing as high as 100% occupancy which they have not seen in 15 yrs.
If you wish to look at investment opportunities please contact me.
Below are stats from the Dayton Board of REALTORS MLS looking at the 1st half of 2009 sold or leased commercial properties compared to the 1st half of 2008.
Listings 01/01/09 - 6/30/09
Listings 01/01/08 - 6/30/08