Small Biz Owners Missing Real Estate Opportunity

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Small Biz Owners Missing Real Estate Opportunity

November 23, 2010 by Angela Shupe | 1 Comment

In a recent article from The Street, CIT Group argues that business owners are missing out on a prime opportunity to pick up real estate at great prices.

According to CIT analysts, cheap commercial real estate is one of “the few upsides” for small-business owners trying to operate in a harsh economic climate.

But entrepreneurs aren’t taking advantage of the low prices. CIT says only 6% of small-business owners have bought one or more commercial properties, while a majority — 53% — say they “haven’t even thought about making a purchase.”

Overall, only a little over a quarter — 28% — of the 300 small-business owners interviewed for the survey say real estate is a “great” business opportunity.