Generally speaking, a commercial real estate property is worth buying. Commercial properties can offer unlimited earning possibilities.
Online Sales
Before the pandemic, there was already a decline in sales and rentals of retail spaces because of online shopping. Boutiques, supermarkets, and even big brands opened their online stores.
Warehouse growth
Warehouses slowly gained their place on the commercial real estate pedestal. But come 2020, the demand for warehouses has reached an exponential increase. Covid 19 created a massive turn in how businesses are conducted. Online shopping gained extra popularity due to the implementation of the stay at home orders.
Since people were restricted from leaving their homes and going to retail centers and malls, they were left with no choice but to buy online. However, as a commercial real estate investor, this phenomenon presents a whole new perspective and has opened opportunities. Despite not operating a physical store, these online counterparts still need a space for fulfillment or storage. And that is how the demand for warehouses became higher.
Warehouses are predicted to dominate the market for the next few years because online shopping has proven to be an effective alternative to the traditional shopping setup.
Buying a Warehouse
As a real estate investor, buying a warehouse during this season is a good investment because the demand is higher. You can employ different strategies that you think will work out well for you. You have the option to buy and hold until such time that you believe your investment will yield a higher return, or you can have it leased. Either way, it’s a win-win situation.
Note, though, that logistics is an integral factor for these retail companies, so if your warehouse is accessible or within the proximity of these companies, the better.
Hi! We’re Josh and Jolene Baijot, the creators of this website. We’re also commercial real estate brokers in Bellingham, Washington. Thank you for taking the time to read this blog post. We appreciate your time spent on this site. You can connect with us on Facebook, Instagram, or contact us through this website.
