Waad Nadhir is a successful commercial real estate developer who has been working in the field for several years. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, and he understands how to be successful in the industry. Here are three of the most important things to consider when developing commercial real estate.
First, consider risk and return. In order to make a profit from commercial real estate development and property, you need to figure out how you can use it in the most efficient way. You don’t want to put too much money into a project if you don’t think the return will be worth it. Make sure you consider all of the risks going into a project before you start developing.
Second, consider holding the properties you buy. Some properties that
you buy may not be worth developing at first, but can become more profitable as time goes on. This means you need to hold some of the properties you buy until they become profitable. BOSC Realty has owned both Brea Plaza in California, and Topinka’s Plaza in Michigan for twenty-five years.
Third, make continuous improvements on your properties. Commercial real estate development is all about make constant improvements to the properties in your portfolio. Consumer wants and needs change, and so do communities themselves. In order to keep up with these changes, you have to make improvements in order to remain profitable.
Waad Nadhir is dedicated to his career as a commercial real estate developer, and he continues to grow the success of BOSC Reality Advisors with every new project.