Investing in commercial properties in Portland is a smart way to diversify your real estate portfolio and increase your earnings. If you’ve never invested in commercial real estate before, surround yourself with experts who can help you navigate the process. There’s a lot of potential here, but you have to know how to make smart choices.
At Performance Properties, we help investors with both residential and commercial assets. We can help you identify the right opportunities and make the best decisions for your investment goals.
Commercial Properties Earn More in Rent
There’s a potential to earn higher incomes when you’re renting out commercial space instead of residential space. The cost of renting office or warehouse space is much higher than renting a home. Your tenants are going to have more capital and they’ll be willing to pay more in rent for the space that fits their needs.
Commercial Properties Have Lower Vacancy
The risk of vacancy is ever-present, but with commercial properties in Portland, there’s less of a chance that you’ll be stuck with unoccupied properties. Compare what vacancy can do to your income when you’re renting out residential spaces versus your commercial properties. One vacant office in a building that houses 50 offices is not going to impact you as much as losing a tenant in a single-family home or even one of the tenants in your duplex.
There’s also less turnover with commercial properties. Most lease terms are longer and there are high costs associated with breaking a lease early. As an owner, you can count on the rental income for several years instead of just one.
Commercial Rental Properties are Transitioning
There’s lots happening in the Portland market right now with commercial investment properties. Restaurants and bars are still working hard to recover from the shutdown and the pandemic. Things are still uncertain, but many businesses renting commercial space in Portland have found ways to survive. Retailers are also continuing to have strong sales, and there has not been a huge loss of leases, tenants, or interest for commercial property owners.
Investing in Commercial Real Estate
Before you invest in Portland commercial properties, do your due diligence and find a professional management company that can help. Whether you’re interested in warehouses or retail spaces, restaurants or industrial lots, doing your homework and understanding the market is critical to establishing a plan for success.
Many investors make the mistake of trying to do everything themselves. You don’t have to be an expert on everything. Talk to real estate experts, Portland property managers, accountants, insurance professionals, and mortgage brokers. You need to team up with people who have been doing this for many years. We’ve seen what works and what doesn’t, and we’re prepared to help you invest confidently in commercial real estate.
Contact our team at Performance Properties when you’re ready to invest in commercial rental properties in Portland. We know the market well, and we can help manage your investments in both the residential and commercial sectors.
