The Macon, Georgia downtown and suburban office real estate markets remained stable in 2007. According to Fickling & Company’s recent survey, including a comparison of almost 1,000,000 square feet of office space in Bibb County, the 2007 suburban office market remained virtually unchanged. The suburban market maintained approximately 80% occupancy which is a slight decrease…
A Short Sale occurs when a bank allows an owner to sell property at a price that is less than the owner owes the bank. In other words, the sales price is “short” of what is owed. This creates what is called a deficiency balance. That is, even though the property has been sold to…
As I wrote in my previous article, 2006 was the year of the private investor. Will 2007 be another year for the private investor? Equity funds and institutions have recently surpassed investments from private investors. This trend is unlikely to slow anytime soon since pension funds still report a great deal of pent-up investment demand. But…
To maximize attraction for an open house, combining online promotion, local networking, and strategic event planning is essential. Here’s how to ensure a standout turnout: 1. Leverage Social Media Buzz Use social media to create buzz. Post high-quality images, short video teasers, and even a live house tour on platforms like Instagram, Facebook, and TikTok…
So you’ve decided to put your house on the market? You must separate yourself from sentimental feelings and price it so that more buyers see it — and notice it. Here’s how. You’re selling your home. Here’s the big question: Should you set the price high, expecting buyers will bargain you down eventually? Or should…
If there is one thing I’ve learned in the multi-family industry, it is vital to have a quality resident retention plan in place in order to maintain a high occupancy. If your customers are pleased with you after they move in and stay that way through their lease term, they are more likely to remain…
Macon’s newest Starbucks Coffee opened in Lullwater East on Bass Road in September, serving their delicious coffee drinks to great crowds. It is a beautiful store and complements our shopping center very nicely. I would invite you to stop in, if you have not already. The Starbucks Coffee associates are always friendly and, if asked,…
As we are moving into the 3rd quarter of the year, the hospitality industry is still strong in the commercial sector. However, even though the sellers are holding onto pricing of a minimum of four times or more, the gross revenues excluding taxes buyers have slowed down and are being more conscious on paying the price which…
Why Are So Many Homeowners Under Water? Guy Gunn The term “under water” has come to mean that owners owe more on their home than it is worth in the marketplace. So how does this occur? During the financial troubles of the late 70’s and early 80’s, we saw interest rates peak in the 16%…
The second quarter of 2007 ended with total available inventory stable as predicted. However, the choices for products under 10,000 sf have increased. This is attributed to the addition of new development in the area as well as existing space being vacated. The preferred space seems to be Class A with 1000 sf of office…
