Today’s episode features a conversation Alex had with Cory Wright. Wright is a seasoned veteran in the commercial real estate industry and  founder and Managing Director of William Wright Commercial. Alex and Cory engage in a detailed discussion about the intricacies of commercial real estate. Corey addresses the increasing interest and queries regarding commercial real estate investments in the last 12 to 24 months. He emphasizes the benefits of commercial over residential real estate, particularly highlighting the advantages of triple net leases and the opportunities in value-add properties. Corey shares his insights on transitioning from the hospitality industry to commercial real estate and the founding of William Wright Commercial. He details the strategies for expanding and operating across various markets in British Columbia, emphasizing the importance of having a local presence in each market. The conversation also touches on investment strategies, the significance of market understanding, cap rates, and the potential of secondary markets like Nanaimo, Kelowna, and even Calgary, for commercial real estate investments. Corey encourages engaging with commercial brokers to navigate investments and emphasizes the role of real estate in building generational wealth through tangible assets.

William Wright’s Instagram: @williamwrightrealestate

William Wright’s Website: https://www.williamwright.ca/

Make sure to check out Cory’s Podcast, the “Vancouver Commercial Real Estate Podcast” https://www.williamwright.ca/podcast/

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