In Austin Texas what would be a good investment property, Condominiums, Strip Mall, Townhouses or Duplexes?
Many commercial asset types have the same risks associated with them across several markets, yet there are other risks which are area specific: city zoning, OCP (Official Community Plan), bylaws affecting property operation and laws governing tenant relations to name a few. Austin Texas from my limited understanding of that market does realize higher returns in comparison to the Vancouver based market. However, you will typically see less land appreciation in Austin as well. I have an excellent commercial broker that I refer my clients to, who is located just outside of Austin. Feel free to contact me directly for the details.
