Kim Harris, Other/Just Looking in Overland Park, KS

Are commercial real estate values in Lawrence falling over the last year? What do you project those values?

Asked by Kim Harris, Overland Park, KS Wed Apr 1, 2009

to be in the next 6 months?

Help the community by answering this question:

Answers

2
Since I own commercial real estate and as a Realtor accept commercial real estate listings, I stay in close touch with what the commercial market is doing. As far as our local market values they have steadily risen for years. While the past two years have seen a very moderate adjustment downward in the residential side that will certainly be recovered this year and the next, commercial real estate is in high demand and "business is booming"

We have lots of new commercial development going on in Lawrence with the new Wal-Mart going in and the adjoining land being developed with strip malls, office spaces, etc.

Lawrence Kansas Real Estate Commercial and homes for sale are both doing very well.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers http://www.MLSPlease.com (Marketing homes to 3 MLS's, to over 10,000 websites, "Showcase" Realtor.com listing, and virtual tours)
Property Searches http://www.LetRobDoIt.com
Places for Rent or Lease http://www.KSLease.com
Blog http://www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS 66049
1037 Vermont, Lawrence, KS 66044
I'll meet you at the location of your choice!
785-393-2274 (cell) 206-339-3199 (fax)
Rob@YouWantHouses.com
Web Reference: http://www.LetRobDoIt.com
1 vote Thank Flag Link Wed Apr 1, 2009
The Commercial world is a completely different animal. The question is a little bit to vague, because there are many different types of commercial structures, retail, malls, multifamily, office, etc... With in these subgroups you can have different performances. Overall, the commercial world here in Kansas have maintain a good foothold in value. In the upcoming months I perceive no changes. I believe this because a commercial investor purchases property based on what it produces, not on emotions, amenities, or potential appreciations. Return on investments a calculated on current and past performance. Therefore, the result of these approaches and practices in the overall commercial industry, maintain more stable values.

Hopefully this helps!

Edwin Ramos
Flint Hills Realty, INC
Broker/Owner
Http://FlintHillsRealty.com
0 votes Thank Flag Link Mon Apr 6, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer