Commercial Real Estate Montgomery
Business Resources in Montgomery
Overview of Business Services
Starting or growing your small business in Montgomery comes with plenty of local resources and services tailored to help you succeed. Here’s an overview of essential services that can support your entrepreneurial journey.
Business Organizations and Associations
Several organizations in Montgomery are dedicated to supporting small business owners. They offer networking opportunities, training programs, and valuable resources.
| Organization | Services Offered | Website |
|---|---|---|
| Montgomery Chamber of Commerce | Business advocacy, networking events | Visit Montgomery Chamber |
| Small Business Owners Association Montgomery | Support for local entrepreneurs | /small-business-owners-association-montgomery |
Financial Assistance
Funding is crucial for any startup or growing business. In Montgomery, you can find various financial resources, such as grants and loans.
| Resource | Type | Information |
|---|---|---|
| Small Business Grants Montgomery | Grants for startups | /small-business-grants-montgomery |
| Local Banks | Business loans | /banks-in-montgomery |
| CPA Services | Financial advice | /cpa-montgomery |
Office and Retail Space
Finding the right location is vital for your business. Montgomery offers a range of commercial spaces to match your needs. You can explore available listings that include office, industrial, and retail spaces.
- Currently, there are 293 commercial real estate listings in Montgomery, totaling over 7 million square feet.
- If you’re looking for specific types of spaces, here’s a quick breakdown:
| Type of Space | Listings Available |
|---|---|
| Office | 105 |
| Industrial/Warehouse | 38 |
| Retail | 116 |
For more details, check out the listings on Montgomery office space and business for sale in Montgomery.
Business Licensing and Insurance
When starting out, understanding local regulations is essential. You’ll need to get the proper licenses to operate, and securing business insurance can help protect your investment.
- For information on obtaining a business license, visit Montgomery business license.
- Ensure you’re covered with reliable options for business insurance. See more at Montgomery business insurance.
Additional Services
Consider leveraging online marketing resources, such as web design and SEO services to enhance your business’s online presence.
| Service | Provider | Website |
|---|---|---|
| Web Design | Montgomery Web Design | /montgomery-web-design |
| SEO Optimization | Montgomery SEO | /montgomery-seo |
| Payroll Services | Payroll Services Montgomery | /payroll-services-montgomery |
Engaging with these resources can provide you with the tools and support needed to thrive in Montgomery’s vibrant business landscape.
Real Estate Market in Alabama
When you’re looking into the commercial real estate in Montgomery, it’s vital to understand the landscape of land and property prices, as well as the development potential throughout Alabama. This information can guide you in making solid decisions for your business.
Land and Property Prices
Alabama has seen a rise in land and property prices, particularly in major metro areas like Montgomery. In 2022, the median selling price for an acre of Alabama farm and ranch land was $2,737, with a total of 1,029 sales encompassing over 130,000 acres Land Boss. The property prices can vary drastically depending on location and what type of land you are interested in.
For more specific commercial real estate, the value of land correlates highly with its development potential. Here’s a breakdown of commercial land values in Alabama:
| Location Type | Price per Acre (Approx.) |
|---|---|
| Major Highways | $50,000 – $500,000 |
| Industrial Sites | Premium prices for developed land |
| Retail Corridors | High-visibility sites command top dollar |
| Suburbs | $30,000 – $60,000 near cities |
| Rural Recreational Land | $2,000 – $4,000 per acre |
The tight inventory of homes listed for sale, which reached a median home price of $177,500, reflects the increased competitiveness in the market (Land Boss).
Development Potential in Alabama
The development potential in Alabama, particularly in Montgomery, is significant due to recent expansions in services, retail, and construction. This growth leads to rising values for developable land assets. The upward trend indicates that investing in commercial properties in Alabama could be a strategic move for both aspiring and current small business owners.
Major metro areas like Birmingham, Huntsville, Montgomery, and Mobile have been at the forefront of this growth, creating opportunities for businesses looking to take part in the evolving real estate landscape. If you’re considering a new location, checking out the local market trends and opportunities can give you an edge as you make decisions for your business.
Looking for local resources? Take a gander at the Montgomery Chamber of Commerce for detailed information on business services available in your area. Whether it’s about grants, loans, or finding the right commercial space, tapping into local resources is key to starting and growing your business effectively.
Montgomery County Real Estate Trends
Gaining insight into the real estate trends in Montgomery County can greatly assist you as a small business owner in making informed decisions.
Residential Market Analysis
The residential market in Montgomery County is currently experiencing notable shifts. As of August 2024, the median home price was $204,891, marking a 7.7% increase from the previous year. The price per square foot averaged $134 during this period, making it essential to consider these figures as you contemplate potential residential spaces for your business or personal use.
Here’s a quick overview of the residential market:
| Metric | Value |
|---|---|
| Median Home Price | $204,891 |
| Price per Square Foot | $134 |
| Homes for Sale | 2,043 |
| Homes Sold or Pending | 575 |
| Homes Sold Over Asking Price | 31% |
| Average Time on Market | 53 days |
It’s interesting to note that 47% of homes were sold below the asking price, which can indicate good potential deals for homebuyers looking to settle in the area (Rocket Homes).
Commercial Property Overview
The commercial property landscape in Montgomery County offers various opportunities for aspiring and current small business owners. With numerous listings available, you may find commercial spaces that align perfectly with your business goals. Additionally, the appreciation in property value can serve as a lucrative investment.
When searching for commercial properties, you can explore options for offices, retail spaces, and warehouses. Be sure to keep an eye on the banks in Montgomery for financing options and consider local incentives provided by organizations like the Montgomery Chamber of Commerce.
Tips for Buying Commercial Real Estate
Purchasing commercial real estate can be daunting, but a few key tips can help simplify the process:
Research the Market: Understanding current trends and property values in Montgomery is crucial. Look into local listings and consider attending Montgomery events to network and gather insights.
Assess Your Needs: Determine the type of property that fits your business model. Will you need ample space for customers or a quiet area for operations?
Get Professional Help: Hire a local realtor specializing in commercial properties who can guide you through the buying process. They can help you locate suitable options while navigating negotiations.
Don’t Skip Inspections: Always conduct thorough property inspections to identify any potential issues that could become costly in the long run.
Explore Financing Options: Look into various financing methods available, including loans through small business grants in Montgomery or traditional bank loans.
By utilizing these tips and resources available in Montgomery, you can make informed decisions that enhance your business’s chances of success in the commercial real estate market. If you’re exploring further options, be sure to check our listings on business for sale Montgomery for additional opportunities.
Insight into Montgomery, OH
Exploring commercial real estate in Montgomery, OH, can lead to exciting opportunities for you as an aspiring or current small business owner. Whether you are looking for a place to set up your office or space to expand your operations, here’s what you need to know.
Commercial Properties for Sale
In Montgomery, OH, there are currently 4 commercial properties for sale. This includes:
| Property Type | Listings |
|---|---|
| Office Buildings | 3 |
| Retail Space | 1 |
These properties present investment opportunities, so keep an eye on the market for more options. For insights on buying businesses, check our article on business for sale montgomery.
Industrial Real Estate
While the focus here is on commercial opportunities, it’s worth noting that industrial real estate can also provide avenues for growth. In Montgomery, industrial spaces, although limited, can be valuable for manufacturing or storage needs. It’s advisable to assess your business requirements and see if industrial options complement your commercial spaces.
Locating Suitable Commercial Space
To effectively locate commercial space that meets your needs, consider working with real estate brokers who are familiar with the Montgomery market. They can offer personalized assistance and help you navigate the best commercial space lease or purchase options tailored to your business goals (Property Shark).
You may also want to explore multifaceted resources available in Montgomery, such as the Montgomery Chamber of Commerce for networking opportunities and potential leads on available properties. Don’t forget to consider local services like montgomery web design and montgomery seo to boost your business visibility once you’re settled into your new space.
As you search for commercial properties, keep in mind that being informed about local developments can enhance your investment decisions and help your small business thrive in Montgomery, OH.
Commercial Real Estate in Alabama
Available Space Listings
If you’re looking to establish or expand your business in Montgomery, you’ve got options! Currently, there are 293 commercial real estate space listings available for rent in Montgomery, AL. These listings cover a total of 7,092,758 square feet, catering to various business needs, including office, industrial, and retail spaces. Here’s a quick look:
| Property Type | Listings Available | Total Square Feet |
|---|---|---|
| Office | 105 | – |
| Industrial/Warehouse | 38 | – |
| Retail | 116 | – |
For more detailed listings and options, check out resources like Montgomery office space.
Investment Opportunities
Montgomery also offers numerous investment opportunities for those wanting to dive into commercial real estate. Currently, there are a total of 130 commercial properties available for sale, including options that might spark your interest:
| Property Type | Listings Available |
|---|---|
| Office Buildings | 30 |
| Industrial Real Estate | 11 |
| Retail Spaces | 24 |
These investment prospects allow you to own part of the growing business landscape in Montgomery. If you’re considering funding options, resources like small business grants montgomery and banks in montgomery could help you get started.
For more information on buying commercial properties, check out business for sale montgomery. Make sure you explore the local resources available to help align your business vision with the right space in Montgomery!
Industrial Real Estate Trends
Understanding the trends in industrial real estate can help you make informed decisions about your business in Montgomery. Here’s a look at the current market absorption rates and asking rents to give you a clearer picture of what to expect.
Market Absorption Rates
The absorption rate in the industrial real estate market experienced a significant improvement recently. In the third quarter of the year, the market gained nearly 135,000 square feet after experiencing negative absorption in prior quarters (NH Business Review). This positive trend indicates a growing demand for industrial spaces in your area, which could lead to more opportunities for small businesses like yours.
| Quarter | Absorption (Square Feet) |
|---|---|
| Q1 | -50,000 |
| Q2 | -20,000 |
| Q3 | +135,000 |
Asking Rents and Rates
Asking rents in the industrial market have seen a notable increase. Measured using the triple net (NNN) method, the average asking rent jumped from $8.27 NNN in the third quarter of 2021 to $20.52 NNN in the third quarter of 2022 (NH Business Review).
For a better understanding, here are some detailed average asking rents across different sectors:
| Sector | Average Asking Rent (NNN) |
|---|---|
| Manufacturing | $8.01 |
| Flex/R&D | $10.45 |
| Warehouse/Distribution | $11.10 |
You may want to consider these figures when planning your budget for industrial space. Understanding these trends can help you find the right space for your business and ensure you secure the best possible deal in the competitive market of commercial real estate in Montgomery. For more information about business opportunities, you can check out the Montgomery Chamber of Commerce.
Top Investors in Real Estate
When you’re looking to delve into the commercial real estate market in Montgomery, it helps to know who the key players are. Here’s a look at some active investors and major market players that can make a difference for aspiring and current small business owners like yourself.
Active Real Estate Investors
In recent times, various real estate investors have made a name for themselves in the Montgomery area. Investors often diversify their portfolios, acquiring multiple properties to maximize profitability. A great example would be companies similar to the R.J. Kelly Company, which has actively expanded its reach by acquiring several properties in different markets. With their significant investments, such firms set trends and help shape the landscape of commercial real estate in places they operate.
| Investor Name | Location | Number of Properties Acquired Last Quarter |
|---|---|---|
| R.J. Kelly Company | Burlington, MA | 18 |
While this data reflects trends in New Hampshire, similar active investors can be found making waves in the Montgomery, AL market too. It’s crucial for you, as a potential investor or business owner, to monitor these organizations for investment opportunities.
Key Market Players
The Montgomery real estate market is home to various influential players, including firms that specialize in commercial properties. These firms not only invest but also play a role in helping new businesses find their ideal locations. Noteworthy key players include local real estate brokers and investment firms that help you navigate leasing or purchasing property.
For context on investment opportunities, there are currently about 130 commercial properties for sale in Montgomery, including:
| Property Type | Number of Listings |
|---|---|
| Office Buildings | 30 |
| Industrial Real Estate | 11 |
| Retail Spaces | 24 |
Understanding who these key players are and what’s available in the market can greatly enhance your decision-making process. They can provide valuable insights, helping you align your business needs with available commercial real estate options.
To optimize your search for resources, consider exploring local associations like the small business owners association montgomery or looking into small business grants montgomery to leverage additional support and resources for your business development.
Listing Opportunities in Montgomery, OH
Available Property Listings
If you’re on the lookout for commercial real estate in Montgomery, OH, you’re in luck! Currently, there are 50 commercial real estate space listings available for rent, amounting to a total of 236,552 square feet. Among these listings, you’ll find 44 office spaces, along with various other types of properties that might fit your needs.
Here’s a quick overview of what’s currently available:
| Property Type | Number of Listings | Total Square Feet |
|---|---|---|
| Office Spaces | 44 | Varied |
| Retail Spaces | 1 | Varied |
| Additional Properties | 5 | Varied |
| Total Listings | 50 | 236,552 |
For those interested in purchasing, there are 4 commercial properties for sale, which include 3 office buildings and 1 retail space. These are fantastic investment opportunities to consider if you’re looking to expand your business presence in the area (Property Shark).
Disclaimer and Information Notice
When considering buying or renting property, be sure to evaluate several key factors. Important aspects to look into include:
- Location: Ensure it’s convenient for your customers and staff.
- Size and Configuration: Check if the space meets your operational needs.
- Property Condition: Identify any repair or renovation costs.
- Costs: Analyze the total investment required.
- Zoning Regulations: Confirm that the property is zoned for your intended use.
- Potential for Improvements: Consider if the property can be improved to better suit your business.
- Adaptive Reuse Possibilities: Explore options if you want to change the property’s function.
- Equity Potential: Assess the long-term value of the property (Property Shark).
Utilizing a real estate broker can be a smart move as they can provide valuable insights and assist you in finding the perfect space that aligns with your business needs. Don’t forget to explore more about resources available for small business owners in Montgomery, such as the small business owners association montgomery and small business grants montgomery.
