Green Bay, WI - After three or four years of a Real Estate slump, there are signs of a comeback, including in the Commercial market. According to the National Association of Realtors ® most recent quarterly Commercial Real Estate forecast, most of the major Commercial Real Estate sectors are showing gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the Multifamily market.
The economy is expected to grow 2.5 percent in 2013 and with modest job creation, the demand for Commercial space will gradually rise. Additionally, vacancy rates over the next four quarters are forecast to decline 1.0 percent in the Office market, 0.6 percent in Industrial, 0.2 percent in Retail and 0.1 percent in the Multifamily market; however, Multifamily has the tightest availability and is currently experiencing the strongest rent increases, well above the rate of inflation.
With prices and interest rates low, and lending less tight than it has been in the past, now is the perfect time to invest in Real Estate as a second source of income. For those seasoned investors, now is a great time to add properties to portfolios. Micoley.com Online Real Estate Auctions is helping to ease the buying process for the Commercial market through their unique online bidding platform. With upcoming auctions featuring many commercial properties at values much lower than the traditional market list prices, the Real Estate Auction process is becoming a much easier and hassle free way for investors and buyers to search and find properties all over the nation.
It's important for first-time investors to know which type of property best suits their financial situation and strategy before making an offer on a property. Investment opportunities range from being a Multifamily property landlord to an owner of an office building/strip mall, where one can lease or rent out units. Many opportunities are also available in the Commercial and Residential Vacant Land development market. Many investors still "flip" properties: Buy them, fix them up and sell them for a quick profit. Done right, all opportunities are great sources of additional income or even as a means to adding to one's retirement nest egg.
No matter what kind of investment property a person is seeking, there are plenty available. And with the changing market conditions, Online Real Estate Auction such as Micoley.com, are becoming more and more popular due to their fast and easy alternative to traditional Real Estate sales.
Micoley.com is a leader in Online Real Estate Auctions and currently has an exceptionally high number of Commercial properties, all priced to sell, as well as a wide variety of other properties. Photos, property details and additional information about their listings is available online at www.micoley.com. Along with up-to-date property listings, the site also features upcoming events, step-by-step bidder registration and offer placement, and property email alerts.
For those new to online bidding, Micoley.com's fully trained staff of Auction Professionals are available to educate and answer all questions. Simply visit www.micoley.com
or call 1-866-378-2382.
Micoley.com, located in Green Bay, WI, is a Real Estate marketing firm specializing in bank-owned properties throughout the United States. Their unique approach to Real Estate sales is executed through customized marketing programs and project focused auction plans, customized for each of their unique clients. Be sure to visit their website for future Auction and Sales Event information, as inventory changes daily.