Apr 20, 2012

Keeping Your Industrial Real Estate Costs Low

By Don Catalano

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Industrial_Costs

Are you finding it hard to control your industrial real estate costs? Or are you in the market but unable to find a good rate of return on your investment? Avail yourself of the real estate data aggregating tools and services designed for this fluctuating economy.

Whether you are dipping your toe in the waters for the first time or a seasoned professional, calculating the all important occupancy cost for specific properties can be time consuming and bog down inspiration and enthusiasm. Enter in variables such as property tax fluctuations, impacted by projected development of surrounding land, and uncertain industrial trends, and you may want to opt for a blindfold and a dart board.

This is where computer programs customized for industrial real estate investing save the day. Drawing on vast databases continually updated for current market conditions, a multitude of variables can be postulated and compared. A well constructed database will allow you to search, compare, calculate, and extract essential information. Trustworthy professionals in industrial real estate cost analysis are available for hire and can virtually turn every stone before you make a decision.

Whether you are considering a factory, multi-use property including warehouses and offices, light or heavy manufacturing buildings, or R&D and industrial parks, analyzing past and future expenses is the fundamental path for you to follow to contain costs and ensure a profit. The list seems overwhelming, Maintenance histories are a critical element in insurance premium calculations as well as in projecting a recommended level of capital reserves, and should be part of every information bank.

Have you thought of landscape expenses, fees for property management, attorney and accountant costs, parking lot upkeep, security, trash pickup, window cleaning, and the like? A database targeting industrial real estate is as reliable as the information contained. Establishing a network of trustworthy professionals is indispensable to success in any field, and the rising role of technology in all aspects of life can work to your advantage.

Other great Industrial articles:

A Five Point Checklist for Leasing Industrial Real Estate

Four Tips for Maximizing Your Industrial Utilization

Top 5 Worthwhile Tenant Improvements for Industrial Space

 

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Topics: industrial real estate

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Don Catalano

Don Catalano

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