- Name
- Ryan Richmond
- Company
- Trowbridge Realty, Commercial Real Estate
- E-mail
- Contact Ryan Richmond (Trowbridge Realty, Commercial Real Estate)
- Website
- http://www.ryanrichmond.net
- Cell Phone
- (248) 470-8533
- Alt. Phone
- 888820PLUS
- Address
- 1380 E Jefferson, Detroit, MI, 48207
- Description
- East Jefferson & 375. Detroit's oldest building the Charles C. Trowbridge House. We are changing the future of business from this important historic location.
About Us:
Commercial Real Estate Expert
I am vice president at Trowbridge Realty working as a commercial real estate agent. I operate LowTaxRate.com, the largest network of real estate professionals providing property tax asessment advice in North America. And most recently am in development phase of launching Realty Plus, a residential brokerage that will be a force in the market. Five locations in MI and several multi state locations in the works. This venture has consumed most of my life over the last 4 months, look for changes and updates to our logo and URL RealtyPlus.com over the next 60 days.
Through our relationship with Trowbridge Law, Trowbridge Partners (VC firm) and area partners let us see how we can add value to you and your business.
Trowbridge Realty TrowbridgeRealty.com
Residential Real Estate, visit RealtyPlus.com
Visit me on Facebook facebook.com/propertytaxes
Real Estate Professionals Get More leads PropertyTaxExperts.org
Commercial Office Lease Market
The trend in commercial real estate across the country is stagnant. Few properties are being sold; Office space sales are down 70% since last year. Tightened credit guidelines make it difficult to purchase these properties forcing many building owners into bankruptcy. As unemployment rises there will be less tenants in the marketplace to lease space providing more challenges to landlords.
In addition to the overall economy, many cash strapped landlords lack the capital required to make significant upgrades to their property in order to compete with lower lease rate buildings that are in better condition. The problem will only get worse for building owners. What does this mean to the tenant? Opportunity. With a more competitive marketplace, office tenants can upgrade their space and possibly pay lower lease payments every month.
The Detroit area's office vacancy rate decreased from 17.3% at the end the second-quarter 2008 to 17.2% at the end of the third quarter, with a positive net absorption of 49,695 square feet. The average lease rate decreased, however, from $19.86 at the end of the second quarter to $19.83 per square foot. Class B office space continues to see negative absorption, while Class A and C gain.
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Are you an appraiser or real estate agent looking for a new marketing strategy?
The current housing market has made it difficult for many in the real estate industry; a truly effective real estate professional adapts to the market and seeks out niche marketing strategies. One of the biggest problems that this current housing crisis and credit crunch will create is inefficiencies in the local property tax system. Assessors are often slow to adapt to changing values and most homeowners are stuck paying too much in property tax.
Your exposure will reach thousands of potential clients seeking out help to lower their property tax. This is a tremendous opportunity for appraisers to reach a new retail clientele and for realtors® an awesome potential to provide broker price opinions and build rapport with the local market.
http://www.lowtaxrate.com
Areas of Expertise
Commercial Real Estate Leasing & Sales
Real Estate Investment and Tax Planning
Assessment Valuations (LowTaxRate.com)
PropertyTaxExperts.org
Testimonials
