Commercial Foreclosure - Top 5 Counties

Commercial foreclosures have been a hot topic lately. With vacancy rates rising and rents declining, commercial properties are seeing a decline in cash flow. Combined with the lack of financing, this has led to a spike in commercial properties on the foreclosure lists. It is no surprise that this is happening now as the commercial market lags behind the already peaked residential market. Many of our clients are interested in commercial foreclosures and are inquiring as to where to find the largest number. A list of our top five commercial foreclosure areas for May 2009 includes: (1) Clark County, NV (2) Los Angeles County, CA, (3) Miami-Dade County, FL, (4) Maricopa County, AZ and (5) Lee County, FL.

Because commercial loans are generally made on much shorter terms than residential mortgages, many property owners just refinance at the end of their term. However, with the lack of available financing, many financially viable properties are making their way onto our Default Listings. For more information about commercial properties click here.

The commercial foreclosure market seems to be heating up, so those interested should begin by exploring the most up-to-date commercial foreclosure listings that Default Research provides.