There has been much talk these past two pandemic years about how the commercial property for rent landscape is changing in this country, and with that talk has come dire forecasts about how we may never again return to the commercial world pre-2020.
That may, indeed, be true, but it is not necessarily a reason for doom and gloom forecasts. Instead, we look at it as opportunity for creative business people throughout this country, and that will be the focus of this article. We are RDS Real Estate, serving the Fort Worth area with our expertise about commercial and industrial space for lease. Call us at 817-439-3224 to speak to a broker about your specific needs.
Now, let’s take a look at today’s commercial world, how it is changing, and what that means going forward for future commercial property for lease opportunists.
The changing landscape of commercial property for rent
For two years, it has seemed as though every news broadcast carried with it reports about closing retail spaces. Reports of established stores like Nieman & Marcus closing branches, reports about Main Street stalwarts like office buildings, once brimming with companies, now sitting empty.
Potential business people, once absolutely certain that they wanted to rent retail space for rent, or an office space for rent, are now hesitant, wondering if such a move will lead to the demise of their companies. Small business owners, and home-based business owners, are frozen in their tracks, uncertain about their next moves. “For rent” and “for sale” signs still litter the Main Streets of America, and with the gradual increase in interest rates, it is no wonder that so many are hesitating.
We understand the hesitancy, but we also see a steady flow of product in the economy despite the supply pipeline problems.
Opportunities rise from the rubble
Have you ever heard of Walmart? Amazon? Uber? Lyft? Those companies have flourished during the pandemic. The demand for thousands of products actually increased during the pandemic, and many companies saw their sales rise sharply during what is generally touted as one of the worst economic recessions in history.
The point is this: Traditional Main Street businesses may never again dot our commercial streets. One owner jewelry shops, small insurance companies, or well-known specialty shops may decline further in the years to come, but the demand for those products and services will surely increase, and those products and services must come from somewhere . . . and that somewhere needs to be commercial property of some sort.
Flex space . . . coworking space . . . shared offices and shared retail space for lease . . . new ideas are called for . . . a change in the way we see traditional city structures are called for. The business is out there, and it will be creative business people who find a way to unlock the keys and enter a new era of commercial property leases.
A word about RDS Real Estate
Locally owned and operated, RDS Real Estate is a Fort Worth/ Tarrant County leader in all things related to commercial property for rent and industrial property for rent. Call us if you need a shop for rent; call us if you need a business loft for rent; call us if you simply want to talk to an expert in this field. We are standing by to help you navigate these new economic waters.