The ABCs of commercial real estate
In episode 24, we talk to Khali Masooane, a commercial broker, about the commercial real estate market.
Most people think real estate and think about the residential market and how to service that market.
Some of us also think about AirBnB or student accommodation; but very few of us think about commercial property and the opportunities in that market.
Khali told us that the real estate market is a trillion rand market and the residential property niche is a small part of that market.
The commercial real estate market is large and expands beyond the retail sector and includes manufacturing, industrial buildings and even hospitals.
Some of these sectors don't have a lot of competitors and are underserved, which opens up a lot of opportunities for interested investors.
The other interesting thing about the commercial real estate market, is that properties can take a long time to rent out but lease contracts can be as long as 10 years, which guarantees cashflow for 10 years!
And some tenants in the commercial property space will often pay their rent a year in advance, unlike in the residential market where tenants pay monthly.
This podcast episode will definitely open your eyes to all the many opportunities in the real estate market.
We can't wait to hear your feedback after you listen.
