Keeping up with the latest trends in real estate can be a big challenge for some. Every market has different commercial property for sale and if you aren’t up to date with the latest trends, you could be making a poor investment or missing out on a great opportunity. Industrial real estate operates in its own special world. There are several trends currently occurring in the industrial real estate sector that you should definitely be aware of if you are in the market for industrial property. Let’s take a look at a few of those trends below. Remember, if you are seeking industrial space for rent, the Rakow Group can help you find exactly what you are looking for.
Industrial Space Is Going Vertical
Parcels are shrinking and becoming more expensive thanks to inflation and a growing demand for industrial space for rent. When you think of industrial space, the first thing that might come to mind is a large warehouse that is spread out over a fairly large piece of land. However, a recent trend has architects designing vertically to increase the overall square footage of industrial space without increasing the physical footprint. This is a trend occurring with commercial property for sale and is sure to continue in the future.
Shallow-Bay Building Rising in Popularity
There is a new type of industrial space for rent that is rapidly rising in popularity. It’s known as a shallow-bay building. It’s industrial space that is built to fulfill e-commerce orders. Since the rise of online shopping, the demand for industrial space that can accommodate the fulfillment and shipment of online orders has steadily risen. These buildings are closer to the end user, require larger parking lots for employees, and are typically compact.
E-commerce Causing Brick-and-Mortar Retailers to Change
E-commerce has changed the business world forever. Brick-and-mortar retailers are the businesses that are suffering the most thanks to this latest trend, and they are being forced to change. Retailers have started to consolidate their brick-and-mortar and online services in one industrial facility. That means there are lots of new design requirements for industrial space. E-commerce is dominating the global marketplace, and industrial space for rent is changing as a result.
It always helps to stay on top of the latest commercial real estate trends. Contact the Rakow Group if you have any questions about the trends mentioned above or would like to chat about commercial property for rent.