Commercial real estate brokers are supposed to be on the front lines of Chicago investment real estate trends. 
If that's the case, then why are Chicago's top brokers still marketing buildings so grossly overpriced? They must understand that a careless investor that matches the price is at the mercy of a bank that lends them money. One prominent Chicago apartment building broker has over 40 apartment buildings listed. A quick glance and one would assume this broker is gifted. Lets look a bit closer. If a commercial broker has 40 listings it shows a talent in obtaining listings and a deficiency in selling them. As a seller, would you want you commercial investment property camouflaged in 40 other listings or would you want your building to stand out? The fact of the matter is even Chicago's most prominent commercial real estate brokers can't seem to grasp the shift in commercial real estate values that has occurred in the last 5 years. Now more than ever it's important to hit the market with the highest price the current market can bear. To find out what your commercial investment property is worth call Building Equity now.
I referred few investment and realty blogs and can say that it will take start of 2010 to appreciate values again. Thanks for this post.
Posted by: Coral Gables property for sale | March 30, 2010 at 09:10 AM