Michael Kerr and Vicki Likoudis from True North Buyers Advocates talk about the favorable but time-limited market cycle opportunity for small business owners who are lessees or aspiring owners in the commercial property market. Vicki talks at length about what negotiation strategies are needed, and how to manage the emotional aspects of property acquisition.
@Michael Kerr speaks with @Vicki Likoudis from True North Buyers Advocates about the opportunities for tenants and buyers in favorable commercial property market cycle. Vicki sees the opportunity being available for another 6-9 months.
They discuss how small business owners can take advantage of this cycle to negotiate a better lease or acquire a commercial property.
It's a tenant's market right now, making negotiation crucial.
Vicki shares her extensive background in small business and her role as a buyer's advocate, emphasizing the importance of understanding the market cycle, negotiation strategies, and the emotional aspects of property acquisition.
They discuss;
Chapters
00:00 Introduction to Commercial Property Opportunities
01:01 Vicki's Background in Small Business
04:51 Understanding the Role of a Buyer's Advocate
08:13 Current Market Cycle for Commercial Property
11:10 Navigating Vacant Commercial Properties
13:59 Exploring Off-Market Opportunities
15:28 Consultative Approach to Property Acquisition
18:29 Benefits of Buying vs. Leasing Commercial Property
20:57 Landlord-Tenant Relationships and Negotiations
22:21 Negotiating Commercial Leases: A Win-Win Approach
25:09 Regional vs. Metro: Understanding Property Dynamics
28:06 Community Ownership: A New Model for Local Businesses
31:03 The Challenges of Community-Driven Business Models
33:33 The Importance of Local Businesses in Regional Economies
37:13 Government Support for Small Businesses: A Call to Action