Commercial real estate owners change tactics
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We all know the housing market is a little slow right now, but what about the commercial real estate market. Commercial real estate owners are changing their tactics in this tough economy and the owners of this building here at Eagle Pines Plaza in Ammon are hoping to soon be able to cut this sign down.
These are signs of the times and you've probably noticed them all around. So because of all the competition, one group of owners is changing the way they market their commercial building. Part owner Scott Hinschberger explains, "We built the building with the idea of renting it out to different office buildings, maybe even some retail space down here in the lower part."
Instead of just renting suites, their new plan to sell the space as commercial condominiums. "We decided to do that to try and offer a different way for people to be able to get into a building they would like to start or grow a business in to and number two, is we think it's kind of a cool thing. Somebody would be able to buy a portion of a building rather than just rent." Hinschberger explains.
Instead of just renting suites, their new plan to sell the space as commercial condominiums. "We decided to do that to try and offer a different way for people to be able to get into a building they would like to start or grow a business in to and number two, is we think it's kind of a cool thing. Somebody would be able to buy a portion of a building rather than just rent." Hinschberger explains.
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