As commercial real estate brokers in Chicago, having provided advisory services to institutional investors, restructuring advisors, companies, and individual investors, Frontline Real Estate has compiled years of experience investing and advising investors in commercial real estate throughout Chicago. Over those years, we’ve learned a lot about commercial real estate.
So, while we can’t hope to teach you everything in one sitting, this post will get you comfortable with the basics of commercial real estate. As you read, remember that a commercial real estate broker in Chicago can guide you through the complicated task of figuring out commercial real estate, so don’t feel pressured to go this alone.
Every Real Estate Deal is Different
Without question, if you invest in real estate over a long period of time, you’ll find many similarities from deal to deal. But, the fact is, you must evaluate every deal as its own separate entity. By doing so, you and/or your commercial real estate broker in Chicago take nothing for granted and do the proper due diligence. It’s not that you can’t ever trust people on their word, but you should still verify all the facts you’ve been told.
People make mistakes. They remember things incorrectly or they’re misled by someone else. Make sure someone in your corner, whether it’s an inspector, appraiser or broker, verifies any material facts that you’re basing decisions off of.
You Can’t Do It Alone
Even the most successful developers in the world are surrounded by a team of subject matter experts. They have finance, legal, and political advisers, among many others. Ultimately, the developer makes the final decisions, but they have very smart people helping them all along the way.
For individual investors, the principles of the mega developer’s strategy remain. Sure, it may cost you to hire the best consultants, but the mistakes they prevent you from making are well worth their rate as long as you hire well.
Want to Dive Deeper on Investing in Commercial Real Estate?
At Frontline Real Estate, our team of commercial real estate brokers in Chicago has decades of experience representing clients who are selling, leasing, or buying commercial real estate. But we’re more than brokers—we’re also experienced investors ourselves having owned property in Chicago. So, if you’d like to learn more about commercial real estate in Chicago, don’t hesitate to give us a call.