Retail Closures Yielding Opportunities for Industrial Space - Episode 21

Thanks for following us and for checking us out. This is Episode 21 and we are discussing how Retail Closures are Yielding Opportunities for Industrial Real Estate. 

Covid 19 has presented challenges for the retail sector of commercial real estate. Even Pre-Covid, this sector was already facing many challenges, as the trend was was moving towards e-commerce. This trend is now accelerated. Still the retail properties can offer opportunities for the industrial sector:

•Location: A lot of the retail centers have great locations, close to large populations. Last Mile.

•Large Lots: In the case of malls and big box stores, these sits in large parcels of land.

•Hybrid Use: We are also seeing existing retailers using their location as fulfillment centers. Specially in those with great location. 

•Trend not changing: More e-commerce and delivery.

Featured Property: 20,000 SF For Lease at 8850 NW 15th ST

Industrial Tip: Make zoning contingency separate from other contingencies. 

 

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