Dayton Commercial Realty and broker Richard J. Moody are ripe to reap the benefits of the best real estate market
Excitement has been easy to come by these days in the world of commercial real estate, as the market is the best it has been in recent memory. With low rates many realty businesses are competing to sell companies and investors properties they are eager to buy.
Dayton Commercial Realty sets itself apart from the competition in a couple ways. “We are different because others specialize in certain things such as office space, retail or industrial. I grew up in a family where we built and owned all three types, so I’ve known them for as long as I can remember,” says Richard J. Moody, a broker for Dayton Commercial Realty.
Moody attributes the sales growth in the Dayton area to two factors, “one, interest rates are the lowest they have been in years, and two, Dayton has the lowest real estate prices in the country for commercial and housing markets. Better rates than both Columbus and Cincinnati.”
According to Moody, “now is the best time ever to buy commercial properties.” Statistics for the first quarter of 2013 released by the National Association of Realtors in May for the commercial market show that sales volume rose 3 percent from a year ago, leasing activity jumped 5 percent from the previous quarter, and the price of commercial properties fell. Overall, commercial markets are improving and prices are low.
When it comes to selling commercial real estate in the Greater Dayton and Miami Valley area few have as much experience and expertise as Moody. Moody’s real estate destiny started 64 years ago in 1949 when the Moody and Woodley families began to develop commercial real estate. In 1978, he continued the legacy graduating from Ohio State University with a degree in real estate and has been involved in the realty business every year since.
“I always wanted to be in commercial real estate. My father was a developer, and I grew up knowing it was something I wanted to do,” says Moody. Moody-Woodley Management, Inc. now owns and operates over 500,000 square feet of commercial real estate in and around the Dayton area.
In addition to his work at Dayton Commercial Realty, Moody serves as the broker of record and as an auctioneer of commercial real estate for AmeriBid. AmeriBid, based in Tulsa, Okla., provides multiple solutions and exit strategies to commercial institution owners and has over 175,000 career team auction transactions across all 50 states. “Every day is different but being an auctioneer adds a lot of excitement to the job,” says Moody. “Recently, every two weeks we seem to have a property to auction off.”
With 35 years of experience, a family history rooted in real estate and a passion for his work, Moody and Dayton Commercial Realty are truly experts in an area that is finally rebounding from the recession.