X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IS IT THE TIME TO BUY?

Last week’s GlobeSt.com Quick Poll asked readers if now is the time to buy commercial real estate. A total of 62% of voters responded that it is the right time, while 24% voted “you’re crazy,” and 14% indicated it was a “stupid question. Danet Linares, Crew-Miami president-elect and senior vice president for Miami-based Foram Group, tells GlobeSt.com what she thinks of the current opportunities to buy in South Florida.

“Cash is king. It’s always a good time to buy if you have the right type of product. The problem is that credit is frozen, but if you have the cash you’re in a great spot.

“If a property is in a good location, it’s worth buying. It’s all about location and a stable product, because then values will always increase and that’s what’s important and wht buyers are looking for.

“I don’t think we’ll see as much activity as the last few years, but you have to remember that the market is correcting itself. In the last few years we saw a lot of money available and that’s what made the prices go up too much and too fast. Now you’re seeing more of a leveling out and a correction in the market across the board in every sector of real estate.

“There’s a lot of cash in the wings and what I keep hearing more and more of is people establishing funds and getting investors to pool money. I think they’ll be successful. If you have the cash, then you have the deals.

“I think probably after the new administration starts that you’ll see more people open to buying and paying attention to the market. The world is looking at us.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.