Swisher Commercial will continue to be Building Relationships, just from a six foot distance!

As Michigan adheres to the Governor’s ‘Stay Home, Stay Safe’ Executive Order, Swisher Commercial will remain open and serving our clients from a remote-work environment. The health of our clients, community and brokers is of the upmost importance. Thankfully we have the technology to support business as usual.

– Our brokers are available to help you with your commercial real estate needs. CLICK HERE

– Our physical office is closed, but our staff is available virtually via info@swishercommercial.com or (734)663-0501. Operational hours are Monday – Friday, 8:30AM – 5:00PM EST. We are happy to help!

– For current commercial real estate news and available properties, please visit our website.

What will your commercial real estate brokerage services cost me?

In most cases, a commercial real estate broker is paid a commission by the seller or lessor of a property. Commission is paid at the close of a deal or when determined by the parties and agreed to in the closing documents. When approaching a real estate venture, be sure to discuss brokerage costs at the early stages of your relationship as those numbers vary based on type, size, terms, etc. Brokers are integral in making your real estate transactions clearer and easier to navigate. Feel free to give our office a call (734-663-0501) and ask a broker about how brokerage service costs play into your future real estate needs. – Bart Wise, Associate Broker

Why is it important to work with a local broker?

Local brokers know the side streets like the back of their hand. Knowledge of the local community and neighborhoods in Washtenaw County means engaging in business in real time. Out of town brokers may only know what they can find in a google search. In addition to knowing the lay of the land, local brokers also know the people. Your broker knows who to call in the local government to get answers on land use, zoning and utilities. Site location, use approvals and forward motion on a deal can all be easier if in personal contact with government officials, bankers, investors and business community decision makers. Lastly, your local broker understands market trends through both a national and regional lens. This personalized and local experience will bring you commercial real estate opportunities of worth. –Dave Hamilton, CCIM

Does the commercial real estate market have seasonal swings similar to the residential real estate market?

Unlike residential real estate that is typically seasonal, commercial real estate has a steady year round market that is driven more by economic business decisions of investors and users. Ebbs and flows are more likely to reflect national/regional/local economic health, political trends and consumer interest in investments. For instance, the Ann Arbor area’s office and flex vacancy is currently low, creating a competitive leasing market. While there are many aspects dictating market swings, vacancy is to commercial real estate as the school season is to residential real estate. It doesn’t matter whether it is sunny and 75 or a snow day in Michigan, there will always be someone looking to expand, buy or lease commercial real estate. –Charlie Koenn, Associate Broker

What is the difference between a leasing agent and a tenant representative?

When a building owner wants their space leased, it is typical to engage a real estate broker, in this case called a leasing agent, to market the space and aid in its leasing. This could include providing a marketing campaign, showing the property to prospective tenants, helping the building owner through the process of choosing a tenant, negotiating critical lease terms and closing a transaction with a signed lease.

 

When a business owner wants to find a space in which to conduct business, it is typical to engage a real estate broker, in this case called a tenant representative.  As a representative for the tenant, the broker will look for spaces of the right type, size, location and price to present as options. Because the broker understands the local commercial real estate market and may be aware of off-market opportunities, they can present more viable and competitive options than a simple google search. A tenant representative then helps the business owner through the process of negotiating lease terms and signing a lease for their new space.

 

Regardless of which side of the deal you are on, a commercial real estate broker can be an incredible advantage to finding and accomplishing the next steps for your business.

Joe Palms, CCIM, Associate Broker

2020 Commercial Real Estate Trends Symposium

In 2020, we were able to bring our commercial real estate, development and business community together for Ann Arbor’s first Commercial Real Estate Trends Symposium.

In partnership with Ann Arbor SPARK, Swisher Commercial presented the annual Ann Arbor office & flex vacancy report and an engaging presentation on the local and national economic outlook with keynote speaker Don Grimes. Thank you for joining us!

 

PC: Doug Coombe

What is EMD?

EMD is an acronym for ‘Earnest Money Deposit’ (also known as Escrow) that is involved in a real estate transaction.   EMD is a deposit made to a seller, held by a title company or state authorized escrow agent, that represents a buyer’s good faith to buy a home or other commercial real estate property or entity.  Sellers will normally require an EMD upon acceptance of a sale/lease agreement with the amount ranging from 5% to 30% of the purchase price.  In most real estate transactions, accepted purchase offers become completed sales and the buyer’s earnest money is applied to the closing expenses or down payment. However, if a real estate transaction falls apart or is mutually terminated by both the buyer & seller, earnest money is disbursed in accordance to the contract.  Typically, it is returned to the buyer unless the buyer has defaulted or otherwise violated the contractual terms of the purchase agreement. –Tony Caprarese, Associate Broker

 

“Ask a Broker!” is a weekly blast that provides you with the information and tools to navigate commercial real estate transactions. These helpful tips are here to get you started and answer business basics. In addition to giving you these starter tidbits of information, our brokers are more than happy to provide personalized feedback on your real estate goals and questions. To have your questions answered, give our office a call at (734)663-0501.

How does commercial real estate tie into my retirement plans?

Investing in commercial real estate can provide a steady passive income while also providing increases in appreciation. It is a way to hedge against inflation and diversify your portfolio. By determining the type of property, location, price and returns that are expected or desired, we can evaluate your position in the market, tour potential investments and review property management options. Discover real estate opportunities that add value and stability to your financial plans now and moving into retirement. – Charlie Koenn, Associate Broker
“Ask a Broker!” is a weekly blast that provides you with the information and tools to navigate commercial real estate transactions. These helpful tips are here to get you started and answer business basics. In addition to giving you these starter tidbits of information, our brokers are more than happy to provide personalized feedback on your real estate goals and questions. To have your questions answered, give our office a call at (734)663-0501.