Investing in real estate is a time-proven method for diversifying your portfolio and creating multi-generation wealth. If you own a vacation home or short-term rental, you may be well on your way! But there are other real estate investments that can help you generate income more quickly and earn a higher rate of return. Today, […]
How is the Commercial Real Estate Market? Predictions for the commercial real estate industry in the second quarter of 2020 were far from optimistic as the full economic impact of COVID-19 rolled through the market. With lockdown orders in place, the industry stalled abruptly and professional efforts turned to assisting landlords and tenants navigate the […]
On May 30, 2020, North Carolina Gov. Roy Cooper issued Executive Order 142 to assist residents who have been financially impacted by COVID-19. In response, North Carolina Supreme Court Chief Justice Cheri Beasley issued an order that extends the statewide stay on all eviction hearings through June 21, 2020. Here are the key points each […]
Many of our clients and friends are asking about the impact of COVID-19 on our hometown small businesses and its overall effect on our local economic development. Two of our commercial real estate agents tackled the big questions. Jim Davis and Steve Dozier of NAI Beverly-Hanks provided educated insight about what we’re seeing now and […]
Q1 2020 Commercial Activity: Predictions for the commercial real estate industry were conservatively optimistic at the start of the year. In our Year End 2019 Market Report, we indicated that a robust first quarter was unlikely, which was confirmed in some segments by the first quarter’s data. Entering an election year, coupled with ongoing trade […]
As a small business owner, you probably have a million things on your mind right now. Even if you have been spared so far, the COVID-19 pandemic is likely to cause slowdowns or interruptions to your regular spring business. In fact, the effects of the virus are projected to cause drastic changes to businesses—large and […]
Your business is finally taking off! You have several full-time employees. You’re expecting to hire more in the next few years. And you physically can’t work out of your home guest room anymore. After all, the worst thing for a growing company is employees who bump heads because they’re constantly bumping elbows! Give yourself and […]
Year End 2019 Commercial Activity: 2019 was the second best year for commercial real estate in Western North Carolina, trailing only 2018. The four-county MSA reported just over $595 million in 2019 sales. In contrast, the region experienced only $92 million in closed transactions a decade ago. In 2019, all sectors reported strong sales, with […]
Businesses are only as good as the people at the heart of the enterprise. In the case of commercial real estate, the importance of talented and dedicated people rises exponentially. That’s why at NAI Beverly-Hanks, we take great strides to develop, inspire, and retain the top talent in the business. Commercial real estate (CRE) in […]
To buy or lease commercial real estate—That is the question! While not quite as dramatic a decision as Hamlet’s soliloquy, the decision to buy or lease the property for your commercial business is an important one. Unfortunately, it’s not a cut and dry answer. Your choice should be informed by the nature of your business, […]