More: > Commercial real estate:
Advantages of commercial real estate is attractive leasing rates. In areas where the amount of new construction is either limited by land or law, commercial real estate can have impressive returns and considerable monthly cash flows. Industrial buildings generally rent at a lower rate, though they also have lower overhead costs compared to an office tower.
Commercial real estate also benefits from comparably longer lease contracts with tenants than residential real estate. This long lease length gives the commercial real estate holder a considerable amount of cash flow stability, as long as long-term tenants occupy the building.
In addition to offering a stable, rich source of income, commercial real estate offers the potential for capital appreciation, as long as the property is well-maintained and kept up to date. And, like all forms of real estate, it is a distinct asset class that can provide an effective diversification option to a balance.
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New Orleans Commercial and Luxury Real Estate
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Title:New Orleans Commercial and Luxury Real Estate
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Languages Spoken:English, Vietnamese
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Specialties:Investment Sales Broker, Tenant Rep (Full Service), Tenant Rep (Industrial)
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Markets:New Orleans/Metairie/Kenner
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Property Types:Industrial, Retail, Multi-Family, Sports & Entertainment
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Education:LSU and UNO RyanRogers@kw
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Organizations/Associations:NAR - National Association of Realtors
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Honors/Awards:Top agent award
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Primary types of commercial property leases, each requiring different levels of responsibility from the landlord and the tenant.
A single-net lease makes the tenant responsible for paying property taxes.
A double-net (NN) lease makes the tenant responsible for paying property taxes and insurance.
A triple-net (NNN) lease makes the tenant responsible for paying property taxes, insurance, and maintenance.
Under a gross lease, the tenant pays only rent, and the landlord pays for the building's property taxes, insurance, and maintenance.
LICENSING & OTHER REAL ESTATE CREDENTIALS:
- Commercial & Residential Real Estate Agent
- National Association of Realtors, Member
- Louisiana Realtors Association, Member
- New Orleans Metropolitan Association of Realtors, Member
- Lifetime Resident Of The New Orleans
- Experience In Construction, Renovations and Design
- B. A., University Of New Orleans
