3 Key Trends That Commercial Real Estate Investors Need to Know
The commercial real estate industry is almost always changing and evolving with the times. As businesses change their operation strategies, their needs shift and those changes have a direct impact on the types of properties they look for. As a seller, you need to be mindful of those trends when listing properties and finding qualified buyers. Here are a few of the most important trends to understand before you start selling your existing properties or buying new ones.
1. Business Models Are Moving Online
Gone are the days where in-person retail stores dominated the landscape. Instead, more customers are turning to online stores and e-commerce sites to find products they need in their daily lives. This means the types of buildings that sellers are moving most easily are ones that can accommodate online stores. You may find it beneficial to start investing in real estate that prioritizes warehouse and inventory storage over office space. E-commerce stores often rely on fewer staff members to be successful, so you’ll be able to attract more buyers by tailoring the buildings to their needs.
2. Make Sure You Use Images
Prospective buyers always want to be able to preview the property before scheduling a showing. If your listing doesn’t have high-quality images, you’ll attract fewer buyers and may find it harder to book showings in the first place. Anytime you get ready to list a property, take the time to take detailed pictures. If you’re not comfortable with using a camera, hire a professional real estate photographer. Remember, the pictures you post can make a huge difference in the marketability of your property.
3. Don’t Be Afraid To Change Things Up
In the past, most real estate investors were able to buy office buildings and turn them around either as rentals or as properties for sale without a problem. However, the demand for those large office complexes is shifting. Instead, more businesses are looking for smaller buildings that are both easier to maintain and more affordable to purchase outright. What this means for investors is that you’re going to need to get creative. Branch out from the types of properties you used to offer and look for alternatives that can appeal to the same types of clients you used to work with. You may end up finding a new specialty that will help you better corner the market.
Commercial real estate will always be in high demand and as long as you keep these trends in mind, you’ll be able to invest in properties with confidence.
