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Commercial Real Estate: Behind the Numbers

LAKEWOOD, NJ-Statistics point to a struggling market, but that is only part of the story, say executives at Madison Commercial Real Estate.

By Alyson Grala | Updated on May 24, 2010

LAKEWOOD, NJ-That the commercial real estate market has struggled is old news. The ongoing flow of national and regional market data from various sources provides the indicators, but what’s the story behind those numbers? How are real estate executives and their properties really being impacted, and what’s the outlook? Locally based Madison Commercial Real Estate Services has some on-the-ground insight into what’s happening now and what we can expect going forward.

The reaction to the economy differs from market to market, and even from property to property, and hurdles remain with the economy still in a precarious position. “On a national level, from talking to people face-to-face, we are seeing what people are doing differently in terms of doing cost segregation studies,” says Eli S. Loebenberg, CEO of MCRES affiliate Madison SPECS, LLC.

“From the feedback we are getting, it is more challenging to sell in the marketplace,” Loebenberg tells GlobeSt.com. “For some, the tax benefits of cost segregation can be great, but there are many factors, including fluctuating tax rates, that can impact property values. To determine the best way to utilize cost segregation studies and fixed asset reviews to one’s advantage, it’s important for CPAs and cost segregation experts to work together to identify the right solution.”

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