September 2017 Vol.9 Issue 12
Dear Friends ,

I began my career in commercial real estate 44 years ago in September of 1973. I was 21 years old and fresh out of college. What a different world - no word processors, no cell phones, no computers in the industry, no internet, no overnight delivery of documents around the country. Instead, we had typewriters, 6-part listing forms with carbon paper, secretaries who typed letters, listing binders, local messenger service, and tracked our deals by handwriting on 5" x 8" cards! 

I have always embraced the tools that helped us become more efficient and increase our value to clients. As a result, I feel more like an elder today instead of a dinosaur! One significant development in our business is a transition from an information-gathering model to a service-delivery industry. Listings today are a commodity. Databases can be purchased, and much of what is available can be located on the internet. It is, therefore, incumbent upon commercial real estate professionals to deliver a high level of service. This is what we try to accomplish at Hunt with our Buyer/Tenant Representation services, and our Property Representation services. The concept is that we become an outsourced real estate department, by contract, to our clients. Almost all Fortune 500 companies have outsourced their real estate needs to real estate professionals, and you should too! 

This month's article is why an asking price is one of the least important items to consider when you are first exploring the marketplace for commercial real estate. You can read the article to find out why!

Oh, the possibilities!

David G. Hunt
 
Forget the Price! 
 by David Hunt
   
Q: 
We are just starting to look for new office space. Why does our broker insist on showing us space that is out of our budget?   

A: Unless your broker is offering you space wildly out of the budget, he is absolutely correct to be ignoring the asking price in showing you new office alternatives. Here are the five reasons that this is the right strategy and why you should . ...
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PROPERTY HIGHLIGHT
  
3064 Lawson Boulevard
Oceanside, NY
   

5,300 Square Foot Building for Sale

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COMPANIES ON THE MOVE
  
Assured Partners is moving to 100 Baylis Road, Melville.
The Wilen Group has leased space at 45 Melville Park Road, Melville.
Dowell Kitchen and Bath has purchased 11 Skyline Drive, Plainview.
Stephanie Cohen Home has leased space at 1 Picone Boulevard, Farmingdale.
ABC Stone has purchased 210 Miller Place, Hicksville.
COMPARABLE SALES IN THE LAST 12 MONTHS

City  Address               Property Type  Size SF   Office SF Acres Total  Sold Price/SF  Sold Date 
Mineola
42 East 2nd Street Industrial 6,613
.23 $93.00 9/7/2017
Williston Park
99-101-105 Hillside Avenue
Office
28,980

.73 $212.91
8/24/2017
Hicksville
35 North Broadway Office 30,000

.14 $143.33 8/24/2017
Woodmere
1074 Broadway Office 4,127
.14 $321.06 8/22/2017
Plainview 11 Skyline Drive Industrial 47,421 7,113 1.80 $92.36 8/21/2017
Farmingdale

127 East Carmans Road Industrial 19,000
1 $131.32 8/4/2017


Commercial Real Estate
An Award-Winning Professional Practice

 
You have an attorney. You have an accountant. Now you can have a professional real estate advisor!

HUNT provides specialized experience and expertise in the marketing and acquisition of corporate real estate. Unlike traditional real estate brokers, we represent our clients exclusively. 

HUNT- Solving Commercial Real Estate Issues Since 1973

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