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Updated over 5 years ago on .

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Tyler Hefner
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Strategies for Buying and Leasing Commercial Units (timing)

Tyler Hefner
Posted

Hey BP Team, first time poster here!

I would like to know if there are any good strategies for buying and occupying serially vacant commercial properties.

I live in an area that is undergoing a huge residential and industrial construction boom.  Currently, we have a TON of vacant commercial space.  These are units in shopping centers from 1500 sq ft up to > 50,000 sq ft stand-alone units. Most of these spaces have been sitting for years.  My areas population is predicted to double within the next 30 years so at some point there will be a serious demand for these spaces.  

Are there any strategies for identifying the proper timing between serial vacancy and high demand?