Ripe Opportunities in Commercial Real Estate with Cory Wright on The Flow: Real Estate and Money Show

The Flow: Real Estate and Money Show: Ripe Opportunities in Commercial Real Estate with Cory Wright

March 26, 2024

Cory Wright, Founder of William Wright Commercial, joins episode 27 of The Flow: Real Estate & Money Show, hosted by Alex McFadyen of Flow Mortgage Co and The Mortgage Pug.

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. Cory 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. Cory 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. Cory encourages engaging with commercial brokers to navigate investments and emphasizes the role of real estate in building generational wealth through tangible assets.

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