Commercial Real Estate Jonesboro AR – An Overview
Commercial Real Estate refers to buildings or land intended to generate a profit. Commercial real estate in Jonesboro AR is considered as a more stable investment than other types of real estate due to the lease lengths, which are often several years or more. Commercial real estate deals with office buildings, retail stores, warehouses, and more.
Commercial real estate is categorized into four classes, depending on function: office, industrial, multifamily, and retail. Office space, for example, is characterized as class A, class B, or class C based on certain parameters like below.
Class A represents the best buildings in terms of aesthetics, age, quality of infrastructure, and location.
Class B buildings are usually older and not as competitive—price-wise—as Class A buildings. Investors often target these buildings for restoration.
Class C buildings are the oldest, usually over 20 years of age, located in less attractive areas, and need continuous maintenance.
COMMERCIAL REAL ESTATE CATEGORIES
Commercial real estate is commonly divided into six categories:
Office Buildings – This category includes single-tenant properties, small professional office buildings, and downtown skyscrapers.
Retail/Restaurant – This category includes pad sites on highway frontages, single-tenant retail buildings, small neighborhood shopping centers, larger centers with grocery store anchor tenants, “power centers” with large anchor stores such as Best Buy, PetSmart, and OfficeMax.
Multifamily – This category includes apartment complexes or high-rise apartment buildings. Anything larger than a fourplex is considered commercial real estate.
Land – This category includes investment properties on undeveloped, raw, rural land in the path of future development and infill land with an urban area and pad sites.
Miscellaneous – This category would include any other nonresidential properties such as hotel, hospitality, medical, and self-storage developments.
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, farmland, multifamily housing buildings, warehouses, and garages. If you’re looking to establish a presence or grow your business, commercial real estate in Jonesboro, AR, could be the best answer. As the capital and the most heavily populated city in Arkansas, commercial real estate in Jonesboro AR can present great opportunities. Whether you’re a small-business owner looking for retail space for lease in Jonesboro, AR, you’re looking to expand your operations with more office space, or you need a conveniently located warehouse, there are plenty of possibilities here. Halsey Thrasher Harpole Commercial Agents can help you find them because our Jonesboro AR real estate commercial agents are local to the area, we can find you a great deal on office space, retail space, apartments, warehouses, and more. Our local Jonesboro agents have the experience and knowledge to find the best possible deals to meet your company’s specific needs to help maximize your profits.
Jonesboro Office Spaces
Jonesboro Retail Spaces
Jonesboro Industrial Spaces
BENEFITS OF JONESBORO REAL ESTATE
Even if real estate is not your business, you can benefit tremendously from Jonesboro real estate. Jonesboro is a major economic center of the northeastern corner of the U.S. State of Arkansas, the location of major interstate highways like I-55 and the Jonesboro Municipal Airport is located three miles east of Jonesboro, in Craighead County, Arkansas. Jonesboro is a regional center for manufacturing, agriculture, medicine, education, and trade. Whether your business is in health care, entertainment, education, retail or another industry, there is a place in Jonesboro for you—but only if you know how to find the right commercial real estate opportunities. Halsey Thrasher Harpole Commercial real estate agents are here to help you.
What Sets Halsey Commercial Apart in Jonesboro?
You can partner with a local Jonesboro Halsey Commercial agent in Arkansas. You will get immediate access to an insider’s knowledge of the Jonesboro community. You’ll know the best spots for retail traffic, the cheapest warehouse space, and how to secure the best deal for you and your company. That’s the Halsey Thrasher Harpole Commercial edge. Our Commercial real estate property agents conduct more than 25,000 successful transactions all over the US, so we have the knowledge and experience to help your business succeed with its commercial real estate enterprises.
The Halsey Commercial group means the agent you’re working with has shown a passion and drive to help our clients succeed, a passion that has carried the Halsey Commercial group through more than 100 years of successful real estate transactions. It’s time to put that brand to work for you in your search for the best deals on commercial real estate in Jonesboro AR.
Jonesboro Commercial Real Estate Market Information
The basic elements of an investment are cash inflows, outflows, the timing of cash flows, and risk. The ability to analyze these elements is key in providing services to investors in commercial real estate.
At the Halsey Commercial Group, we understand that the key to successful real estate transactions is information.
That’s why we not only provide you with great local real estate agents but also provide you with the statistics and data to help you understand the Jonesboro, AR commercial real estate market.
To learn more about how Halsey Thrasher Harpole Commercial’s services can help you, contact a local Jonesboro commercial agent!
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Investment in Commercial Real Estate Jonesboro AR
Investing in commercial real estate Jonesboro in Arkansas can serve as a hedge against the volatility of the stock market. Investors in Arkansas can make money through property appreciation when they sell, but more returns come from tenants’ rents.
Investors can use direct investments in commercial property in Jonesboro AR, where they become landlords through the ownership of the physical property. People best suited for direct investment in commercial real estate are those who either have a considerable amount of knowledge about the industry or those who can employ firms. Commercial properties are at high risk, high reward. Real estate investment by such an investor who is likely to be a high net-worth individual (since commercial real estate investing requires a considerable amount of capital) may expect the return accordingly. The ideal property is in an area with low commercial real estate supply like Jonesboro, which may lead to high demand, which in turn will give favorable rental rates. The strength of the Arkansas local economy also affects the value of the commercial real estate purchase.
Investors may invest in the commercial market indirectly through the ownership of various market securities in Jonesboro such as Real Estate Investment Trusts (REITs) exchange-traded funds, or by investing in companies that have stakes in the commercial real estate market, such as banks and realtors.
Advantages of Investing in Commercial Real Estate:
There are many advantages of buying a commercial property in Jonesboro AR. The biggest is income potential. Commercial properties have an annual return of up to 12%, while single-family homes generally have an annual return of 4%. Another benefit of investing in commercial real estate is longer leases for most buildings. A residential tenant typically has a one year lease, but a commercial tenant’s lease could run up to 10 years or longer. Commercial property owners also benefit from the professional relationships they develop with the business owners who leave their space. These tenants have an interest in maintaining and improving the property, so the investment value increases in places like Jonesboro.
Disadvantages of Investing in Commercial Real Estate:
There are many rules and regulations, from taxes to maintenance, involved in the process of commercial investments in properties Jonesboro AR. Commercial real estate has to offer multiple services to facilitate property management responsibilities, including portfolio management, facilities and maintenance, and overall project management.
If it is a real estate deal, such as buying a home, a good property consultant with geographical knowledge may come handy. A professional full-service real estate group can give suitable solutions to landlords, tenants, homeowners, and home buyers covering a full spectrum of the real estate industry in Jonesboro AR. Property development, real estate investment, etc may require a long and grueling process with many levels of approval. Only an experienced professional real estate group with years of dedicated service and expertise in real estate can satisfy such demanding situations and deals in Jonesboro AR.
Halsey Thrasher Harpole is a well-established real estate group in Jonesboro AR with years of professional dedicated service in the industry. Our commercial and investment brokers have many years of experience in delivering high-level service, strategies, and results for the landlord, tenant, development, and investor clients across the commercial real estate spectrum. Let us help find the right property for you!