Brian Fielding knows that investors this year are already looking for prime pieces of property to invest in. Commercial real estate is always a smart investment for individuals that want to make smart choices about how they invest their money. However, when individuals are looking at commercial real estate properties and want to make sure that they are picking the right one, they must consider a number of different factors. This includes developing factors in the industry and new trends that will make a difference for certain property types. Below, Mr. Fielding shares some developing trends in the rest of 2015 that may impact which properties are being sought and bought.
- Retail needs are changing: When investors are thinking about investing in a retail space, they must keep in mind that the needs of retailers are changing says Brian Fielding. Because many companies are conducting more of their business online, they do not need the same retail spaces, and typical malls are not fulfilling the needs of retailers who are not finding their way into the same types of retail spaces. High-end retailers and boutiques, however, do still need brick and mortar spaces, though they must be in desirable areas for these types of establishments. These are all factors that those looking to buy retail spaces must keep in mind.
- New areas are seeing activity: Many investors are starting to take risks that they did not previously consider. Many of them are starting to look at properties that are in areas that have not been as popular in recent years. Their willingness to try these new areas is bringing attention to areas that have been previously neglected such as cities like Philadelphia and Denver. With the extra attention, these areas have become more promising to investors, and many quality properties are still widely available at affordable purchase prices so that investors can make advantageous purchases while these markets are still in their infancy.
- Demand for industrial space is on the rise: Typical warehouse spaces have been decreasing in demand over the past few years shares Mr. Fielding, but they are starting to see a rise again. The main factor for prosperous industrial properties is the location. When a company needs a warehouse, for example, they are looking for one that is close top their retail space, where they can easily access their product. These are the properties that will still have plenty of uses and be desired in the coming years.
To facilitate a profitable purchase of a piece of commercial real estate, whether it be a retail space or a warehouse, these factors must be considered by investors. To learn more about new changes in the commercial real estate industry visit www.brianfielding.com/.Read More