Buying commercial real estate in Calgary requires your attention to detail. Hiring a REALTOR® who you trust and feel confident in is foundational to your buying or leasing success. Your real estate professional will be able to guide you through the buying or leasing process and hopefully secure you a suitable property that aligns with your business goals and objectives.
Zoning regulations
When buying commercial real estate in Calgary, it’s important to know the zoning regulations of the property you’re interested in. Ensure that the property’s designated zoning aligns with your intended use. Investigate the potential for future zoning changes in the area. Consulting with local planning authorities or zoning professionals can provide valuable insights. By navigating zoning regulations diligently, you can make informed decisions aligning with your business objectives and the local legal framework.
Building and property inspection
A property inspection is critical when buying commercial real estate in Calgary. Hire a qualified inspector to assess its condition, structural integrity, electrical systems, plumbing, and history. Identifying issues early on allows informed decision-making and potential negotiation on the purchase price. Prioritizing due diligence in building inspections is crucial to making a well-informed investment in the Calgary commercial real estate market.
Future development plans in the area
To make a strategic investment decision when purchasing commercial real estate in Calgary, you should investigate upcoming development plans and infrastructure projects in the surrounding area—research local plans, zoning changes, and public infrastructure announcements. Proximity to new transportation hubs, commercial centers, or residential developments can enhance value, while potential developments like new highways or industrial zones can hinder it. Stay informed by engaging with local planning authorities, attending public meetings, and connecting with real estate professionals.
Lease agreements
When purchasing commercial real estate in Calgary, it’s essential to review any existing lease agreements. Analyzing lease terms, rental rates, and any disputes or outstanding issues can provide insights into the property’s cash flow reliability and market value. Consulting with a REALTOR® and thoroughly examining lease agreements is integral to making informed decisions regarding the property’s profitability and potential for growth.
Working with Realty Unleashed to buy commercial real estate in Calgary
If you are looking to buy or lease a commercial property in Calgary, we would love to hear from you. Realty Unleashed has helped many clients secure commercial spaces for our clients, and we have a careful understanding of the Calgary market, as well as the process of buying, leasing, and selling commercial real estate in the city. If you are ready to talk to one of our REALTOR®’s, please fill out the form below, and someone from our team will get back to you soon.
