Handshake Between Real Estate Agent and ClientYou finally decide to look at Vancouver commercial properties for sale, and it is a pretty huge deal. After all, the future of your business depends on where you decide to build a base. Choose the right one, and you will see a return on investment plus profit over time. Choose wrong, and your enterprise may dissolve right before your very eyes. How do you pick one among the various commercial properties for sale?

While there are no concise answers to that, we give you three of the most critical questions to ask prior to purchasing.

1. Is there a sustained demand?

Experienced real estate agents and commercial property investors will tell you that there is a world of difference between demand and sustained demand. Sure, your business may survive for some time when the demand is present, but for it to thrive, it needs sustained demand.

When there is a demand, but the market has the possibility of drying out due to competition or consumer fatigue, it is best to look for another location. Do your research and select a place where there is high sustained demand. This way, you are assured of good ROI and high yield.

2. How long has the property been for sale?

In general, commercial properties stay on the market longer than residential ones. Before writing an offer to purchase, do your research. What is the average turnover of commercial properties in your target area? Data show that one year is a good turnover estimate for a commercial property. If the property that you want to purchase has been on the market for an extended period, there may be hidden issues that you’re not aware. It is wise not to settle and look around more.

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3. Is your intended use consistent with the zoning code?

You want to conduct business in this location. Is this consistent with the city or country zoning code? Verify with authorities. It is possible for a property to be re-zoned in some cases, but it would be best to check first.

Buying a commercial property is one of the most crucial decisions you’d make for your business. Make sure to get the very best by asking these three essential questions.