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

Kim Harris
Other/Just Looking
Overland Park, KS

to be in the next 6 months?

Answers (2)
First to answer: Rob Lang
Edwin Ramos
Broker
Junction City, KS

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

Mon Apr 6 2009, 16:11
Rob Lang
Agent
66049
FIRST ANSWER

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®
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300 Rockfence Place, Lawrence, KS 66049
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785-393-2274 (cell) 206-339-3199 (fax)
Rob@YouWantHouses.com

Wed Apr 1 2009, 07:02

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