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Updated about 4 years ago on . Most recent reply
Future of commercial buildings
Given the future of commercial what are some ideas regarding repurposing of commercial.
I'm working with a friend on a strip mall. Will be targeting Tennants that we know will be ok relative to the new normal. I.E. take out/delivery, auto parts, dollar store etc.
But that's not very forward thinking.
I'm lacking a crystal ball and and looking for some brainstorming on the future. I realize no one can predict, just ideas.
Strip malls?
Stand alone offices?
Larger commercial buildings?
Will live/work grow?
FWIW The areas I'm in are Sacramento to Bay Area.
TIA
Most Popular Reply
@Alan Fortin I am currently finding that my office building has near zero tenant demand. Luckily it was formerly a duplex that was converted to office use and the zoning is broad enough for a variety of options. I ran some ads for adult foster care based on the layout and was pleasantly surprised with the demand in that area. A bit costly to retro-fit back for habitational purpose, but essentially creating medical use which with yield much better cash flow.