When it comes to commercial property for rent, or industrial space, we can either learn from the past or we will be left behind to wish we had paid attention.
A rather cryptic message which demands an explanation, and that explanation follows. We are RDS Real Estate, and when it comes to commercial property for rent, or industrial property for rent, in the Fort Worth area, we know of which we speak. Call us at 817-439-3224 for more information. If what you want exists in Fort Worth, we will find it for you.
A definition.
What is commercial property for rent?
Commercial real estate (CRE) is property used exclusively for business-related purposes or to provide a workspace rather than a living space, which would instead constitute residential real estate. Most often, commercial real estate is leased to tenants to conduct income-generating activities. This broad category of real estate can include everything from a single storefront to a huge shopping center.
Commercial real estate comes in a variety of forms. It can be anything from an office building to a residential duplex, or even a restaurant or coffee shop. This is a rather flexible definition, and in fact spills into industrial property at times. Think retail space for lease, or office space for lease, and you are in the ballpark for a definition.
Commercial property for rent in the past.
Going way back to the 1600s, traditionally, commercial property would be found in the Town Square hub of a town or village, a place where people walked by looking for products to purchase. As towns grew into cities, the town square became the downtown city center, and again this was the most desirable section of the city for a commercial business . . . and that desirability factor meant it was also the most expensive commercial property to lease or purchase.
Commercial property for lease today.
Jumping ahead to the 1940s and 1950s, the strip mall and shopping mall were introduced to the American landscape, usually along main roads leading into the downtown area, roads traveled often by people who now live in the suburbs rather than the city center. As a city grows, its tenacles spread out like an overfed octopus, and each of those tenacles represent a viable location for a commercial business. As long as there is good traffic flow and good foot traffic, prospective customers will follow.
How this all affects you.
Your goal, as a commercial business owner, is to follow the natural spread of those growth tenacles, and situate your business along their path, for that is where the customers will flow. In Fort Worth, a city we are intimately familiar with, the flow of growth can be found in the Alliance Area of North Fort Worth and the Alvarado area of South Fort Worth. There you will find a great amount of new commercial and industrial activity, as Fort Worth stretches its reach, the second-fastest large city in the U.S. looking for an area to expand into.
Which leads to this conclusion: if you are a new business owner, looking for a location for your retail business or office, logically you will want to be where the growth is happening, and you will want to grab some of that available property before that available property skyrockets in price.
Your homework, then, is to determine where new growth is going to happen and position yourself in the path of that growth.
A final word about RDS Real Estate.
RDS Real Estate has its finger on the pulse of the Fort Worth real estate market. We are locally owned and operated, we have over three million square feet of commercial property for lease and industrial space, and we invite you to call us and put us to work for you.