We wish there was a crystal ball with regards to the post-pandemic outlook for commercial property for rent? It would sure make our job easier at RDS Real Estate in Fort Worth. Like everyone else involved with commercial property for rent, we are scrambling to stay current and viable in this “new normal.”
Today, in this article, we are going to give you our “best guess” about industrial and commercial property for lease. Mind you, our best guess is based upon many years of experience, and we are confident in what we are about to tell you, but it is still an educated guess as we sift through the detritus of the pandemic and grow more comfortable with the New Normal. Call us at 817-439-3224 for more information and more educated guesses about this industry.
Office for rent
As you are all aware, surely, by now, the face of the office workplace has changed in 2021. If COVID taught us anything in this industry, it was that many traditional office jobs no longer needed an office from which to conduct business. The internet has made remote work the norm more than the exception in 2021, and there is no reason to expect that to change anytime soon.
That being said, there is a glut of traditional offices available in most major cities, and a large supply of unused anything means the price will drop. In other words, early 2022 is still a great time to find great prices for an office for rent, or an office warehouse for rent. We might also mention that all leases are negotiable. If you find an office for rent perfect for your business, but you still feel the rent is too high, there is no rule in the Rule Book which says you cannot negotiate that price, or negotiate for more favorable amenities.
The renter, or potential renter, is still in the driver’s seat. How long that will be true is anyone’s guess, because we firmly believe the need for traditional offices will return.
Retail space for lease
And the same is true of retail space for lease. Drive through any town or city and you will see “for rent” signs in multiple storefronts. This is good news for those looking for a retail space for rent, and it will continue to be good news for the foreseeable future, at least until those empty storefronts are finally filled with paying customers. Business will rebound; those “for rent” signs will come down eventually.
The industry trend and movement for commercial property for rent is . . .
The industry trend is upwards, but it is a slow growth pattern, and that growth pattern will increase into 2022. Barring another pandemic, God forbid, we think this is a great time to go ahead with your plans to rent commercial property.
It’s still a great time to lease, but . . .
But the Good Times Window is closing slowly. Business is returning to normal, and will continue to do so in the next couple years. There is available money for those willing to step out and start up a business. There are customers with available cash to support those new businesses. All indicators point towards a robust, albeit slow, recovery over the next couple of years.
Our advice: rent commercial space for lease now before the window closes.
A word about RDS Real Estate
RDS Real Estate is locally owned and operated, and we are standing by to serve the fine people of Fort Worth. Call us and we can arrange to show you great properties you need at prices you can afford.