Rockford Commercial Real Estate: A Good Investment
While many are skeptical of investing in Rockford commercial real estate due to the perceived higher risk compared to investing in residential property, commercial property can provide significant cash flow benefits, greater rental certainty due to longer rental periods and fewer ongoing expenses. If you do your research, practice due diligence and understand the risks involved, commercial real estate could be a valuable addition to your property portfolio – an option that you may not have previously had on your radar. Higher return Rockford commercial real estate generally provides a higher return on investment (ROI) compared to residential properties. According to CoreLogic (2015), the average rental yield for commercial properties, such as a warehouse, is between 8-10%, whereas the rental return for residential properties is 3.6% on average. Longer lease period The average lease for a commercial property is between 3-10 years, whereas the lease for a residential tena...