Even in the 21st century, the conventional wisdom still holds: real estate is a great investment. It can provide a stable source of income, tax breaks, equity building, competitive risk-adjusted returns, and a hedge against inflation. Light commercial or industrial flex property offers all that and more! Parker Property Advisors can help you find the right space to get your businesses off the ground, locate the perfect investment property, or assist you in the seamless sale of a property you already own. Call our office in Dallas-Fort Worth, TX to discuss buying, selling, or leasing.
Landlords developing FLEX SPACE can be a great investment. Due to the wide variety of uses which can be accommodated in a flex building, even in a weak market, vacancies should remain low. A FLEX SPACE setup is becoming more attractive to investors who find short term leases more convenient than long term leases. The ability of a FLEX SPACE to easily shift from one purpose to another also endears it to real estate clients. Investing in real estate typically is not just investing in buildings, but rather investing in the income stream tied to the building
We are in a great sector for an environment like this. In an environment where costs are rising and you need to generate cash flow growth, FLEX SPACE real estate is a great place to be overall. Industrial has been the highest theme for many years. At the same time, new development costs are continuing to rise, leading to strong existing FLEX SPACE real estate to sell. DFW continues to look for more FLEX SPACE real estate.
Tenants seek FLEX SPACE because, if their business has both office/retail/warehouse needs, it is wise they consider searching for FLEX SPACE. For dynamic entrepreneurs and small businesses that find self-storage insufficient and a traditional warehouse too big, a flex warehouse offers a perfectly practical solution.
DFW FLEX SPACE afford rental rates that surpass most of the industrial markets in Texas at an average of $12.65/sf. Even with the wave of industrial development happening in the DFW market, developers still haven’t quite been able to meet the overwhelming demand of the industrial businesses moving to the DFW area. There are clearly many users for FLEX SPACE, and these types of properties are FLEXIBLE accommodations.
Last year in the DFW market, the FLEX SPACE category saw an incredible low vacancy rate of 2.8%. This statistic speaks for itself, but when coupled with the fact that FLEX SPACES see the highest rental rates of all types of industrial real estate, makes FLEX SPACE properties incredibly valuable and stable.
With 5.1 million sf., of FLEX SPACE, DFW ranked as the number #2 largest FLEX SPACE market in North America, behind Manhattan at 13.6 million sf. Also indicating; Chicago at 4.7 million sf, Toronto at 3.6 million sf, and Boston at 3.5 million sf.
KEEP AN EYE OUT FOR THE GROWING DEMAND FOR FLEX SPACE OFFICE/WAREHOUSES DUE TO THE INCREASING DFW DEMAND FOR INDUSTRIAL LAND INTENSIFICATION.
777 Main Street, Suite 600
Ft. Worth, TX 76102
817-898-1515
Vicki L. Parker
Broker
vparker@parkerpropertyadvisors.com