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Case study
Real estate question:
1. Mr. Johnson owns a small commercial property which
has 4 units with a total square footage of 9384. The
property is located in an area suffering from high
vacancies. The current tenants remaining are ABC
Corporation, who occupies 2888sq ft. And recently
renegotiated and lowered their lease rate through 2011 and
XYZ electronics corp., who occupies 3350 sq.ft. With their
lease due to expire December 2010. The remaining 2 vacancies
are marketed by a local broker. Currently there are no
potential tenants viewing the vacant graces.
What might Mr. Johnson do to retain his 2 tenants and
attract new renters to his property and how might this
impact his income and/or expenses this year and next year?
Please explain your answer.
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Answer Posted / tinasingh
The question you asked, I think you have to take a help from broker of nearby your area. Because my friend had also same problem before 2 years ago so he take a help of residential plot brokers in Nagpur. I hope this link they share with me will help you.
https://www.pickeronline.com/nagpur/residential-plots
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