The Pros and Cons of Buying Or Leasing In The Current Commercial Real Estate Market With Nick Renton.

Real Estate for Real People

Now might be the time to get into financing commercial projects, but maybe not the way you thought. This week The Stone Sisters sit down with Nick Renton from William Wright Commercial Real Estate Services. He joined William Wright because they have the most dedicated offices of any commercial brokerage in BC. They have offices located in many different regions so that they can be actively involved in and connect different markets. Nick comes from a background in business and commercial banking, which gives him a unique and strong depth of experience that he can provide to his customers. In this episode, Nick and The Stone Sisters talk about what is currently affecting the number of leasing transactions vs purchases of new commercial spaces in the Okanagan. They chat about what changes this is bringing to our downtown commercial areas, and how they see those areas moving forward. Nick shares his perspective on financing commercial projects and gives some tips on how people can get into the market right now. The group also chats about how rent hikes look in residential and commercial real estate; specifically, how the cap rate of commercial real estate fits in. Nick brings more clarity to this topic by comparing the commercial cap rate system to GIC’s and rates of return. To learn more about The Stone Sisters or to get in touch, visit www.stonesisters.comWant to connect with Nick?Check out the website Reach him directly at 778 584 5308To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com