Having a basic knowledge of commercial real estate trends is really knowledge every business owner should have. If you are currently leasing commercial property, or if you are thinking of leasing commercial property for rent in the near future, having a general understanding of your local market can be quite beneficial. Let’s look at a couple current trends, and if you have questions feel free to contact us at (817) 439-3224. We are RDS Real Estate out of Fort Worth, Texas, and we have the answers you want and need.
The most important factor in commercial real estate today
The changing marketplace has left us with this reality: most businesses today are small businesses or home-based businesses. The percentage of this category has shot up dramatically over the past twenty years, and it shows no sign of diminishing anytime soon. Related to that fact is this fact: most industrial property for rent, and commercial property for lease, was built back in the 50s and 60s during a building boom in the United States, and those properties were built with “big business” in mind. You have all seen evidence of this statement. Drive by any business park in the U.S. and you most likely will see row after row of concrete buildings, all in the 5,000-10,000 square foot range, all renting for $2,000-$5,000 per month.
In other words, the past meets the present and a solution is needed, and that solution is called sharing, or cosharing, or flex space, whichever name floats your personal boat. Put it this way: if existing commercial and industrial spaces are too large, the only possible solution is for several companies to partition them off and share them, thus sharing expenses as well.
This trend can be seen with the warehouse for rent market, as well as for those in need of a shop for rent, a garage for rent, an office space for lease, or even a retail space for rent. Creativity and flexibility are the keys to the future in the industrial and commercial real estate world.
One example we can give you is our own Paddock Place Office Suites, a coworking facility in Fort Worth where entrepreneurs rent office space by the month in a coworking environment.
Other commercial real estate trends
We believe we will also seen in influx of online retailers in need of brick-and-mortar stores, and we also believe ecommerce companies will be looking for more industrial property for lease to handle their inventory needs.
And the home-based businesses will increase, meaning developers are going to need to build smaller commercial and industrial properties to meet the growing demand, properties like our own Box Office Warehouse Suites, thirty-eight industrial and commercial suites, each 320 square feet in size, with prices starting at a very affordable $875 per month.
These are just some of the commercial real estate trends to look for in the next few years. If you have questions, give us a call. We are RDS Real Estate, and we rock and roll in the commercial real estate world of Fort Worth, Texas. We would be happy to discuss commercial real estate trends with you.