Commercial Listings Light on Buyers? Exploring the Alternatives
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Find out what's really going on in the Commercial Property Space with Jason Werth, our MD and Commercial Property expert.
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Commercial listings have become essential tools, for investors and property owners alike, bringing together information on those in the commercial property market who are sellers, buyers or both.
Commercial listings were initially developed to help support the estate agency market. Buyers of commercial property, especially investors, are more likely to want to investigate ranges of properties based on market sectors, price bands and types of property, rather than looking at vendors or individual commercial agents. This led to commercial estate agents, who often have limited geographical coverage, banding together to form their own commercial property listings - these have the benefit of aggregating geographically dispersed commercial listings for each estate agent into one countrywide listing, that investors can easily interrogate.
With many property owners wanting to avoid high commercial agency fees, and the possible lack of commitment from commercial estate agents, they in turn have set up their own commercial property registers for potential purchasers to peruse. Some of these remain independent; others now have a commercial company hosting these commercial listings.
There are also now commercial listings that cover the buyer half of the market. Those looking to buy commercial property can register their interest, enabling potential retailers of commercial premises to contact them with property that may be of interest. This also has the advantage of allowing the seller to prevent the sale's disclosure on the open market - they can contact buyers direct. This can be of benefit in avoiding price mark downs, or to prevent price sensitive information reaching the markets until a deal has been reached.
With all of this information, publicly available in commercial listings, commercial property analysts have a rich seam of data to mine for analysing the trends of the commercial property market. And one salient feature of the recent commercial property list is the lack of buyers. It appears that many investors are pulling from the market, because of difficulties in raising finance, and uncertainty over the market's future.
This may be partly explained by advice from the Independent Financial Advisers -they are recommending that private investors pull back on their commercial property exposure (Investment Property Forum Survey of IFA's). This may well be adding to those investors ceasing to buy commercial property and selling what they own.
How can owners circumvent this looming buyer shortage? There is a solution that allows you to avoid both commercial estate agents, and the uncertainty of commercial listings. SellMyCommercialProperty are a new entrant to the commercial property sector, with access to major lines of finance. We want those funds placed in the property market, and are seeking commercial property to buy now. This means we can give you the real value from your premises fast, and at a fair market price.
Our professional teams operate across the UK, and we can provide you with a valuation within 48 hours. This allows you to sell your commercial property much more quickly than going through commercial listings. If you get in touch with us today, we can explain how SellMyCommercialProperty can take your property, and let you realise its value quicker than you thought possible.
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