Commercial Real Estate in Southeast North Carolina (Wilmington, Leland, Hampstead, ect...)

It has been a while since my last blog post hear on ActiveRain and for that I am truly sorry.  It has definitely been interesting over the last year and a half watching the market take a 180 degree turn from the Seller/LL advantage to Buyer/Tenant advantage.  We have been successful in guiding our clients, no matter which side of the deal they are on, to a successful agreement that makes since for the current market conditions.  The "current market condition" is something that is a floating number these days unfortunately.  Our landlords have been very aggressive in price negotiations to keep the tenants and sellers are offering owner financing.  Cap rates were at 6 to 7 % in the good ole days and currently my clients will only look at 9 to 10 % depending on the property.  At our office we have seen a slight pickup in business and look forward to what the future holds.I am a glass half full kinda guy so I think I see the light at the end of the tunnel, I just hope it isn't the train.  HA HA.