This would depend on the location, I know in Texas the RV parks are generating $300/space/month in income, you are easily seeing 30% ROI for RV parks.

This marks a significant recovery for a market that spent much of 2023 in negative rent growth territory.

I have done different developments in the past, but do not have a proforma to fit the type of rent/construction for flex space.

I have been in the lending space for a handful of years now and recently had the opportunity to open up my new branch in the great community of Fargo. 

Turn the space into a leisure common area with bbq area and fire pit and you likely won’t see much loss in rent or turnover time.

Industry Ethics / Trust / ImprovementWhen we started Carrot in '08, this space was ripe with hucksters.

There may be ways to share space but give the impression of a separate unit (such as an unpermitted wall up to create separation). 

If anyone is interested in meeting a high character guy working hard to build something special for his family in the Multifamily space, I highly suggest you reach out to Yosef. 

Despite a challenging economic environment marked by inflation and slowing consumer spending, major dining chains like Taco Bell, Outback Steakhouse, and Applebee’s are pushing ahead with expansion plans.Yum Brands—parent company of Taco Bell, KFC, and Pizza Hut—opened 894 new locations globally in Q2 2024, marking a 5% increase in total units from last year.

Then decide if you want to move forward as an operator in the storage space.