Best Southern Cities for Commercial Real Estate Growth
Loan Mantra Experts say Investors Looking to Fund Key Growth Areas
“Exciting things are happening to commercial real estate, especially in the south. In Charleston, we’re seeing dramatic growth in warehouse and distribution centers, as we shift to more e-commerce shopping models in our post-pandemic world. This behavioral pivot is driving considerable investment in the city’s commercial real estate development,” said Raj Tulshan, founder of Loan Mantra.
“Additionally, Raleigh-Durham’s demand for office space is steadily increasing, which is expected to continue through 2023. The area boasts an amazing combination of leading universities, an affordable way of life, culture, southern charm, and top companies like Fidelity Investments, Apple, and Google. It’s a great CRE investment market,” Tulshan continued. “Then, look at Charlotte, one of the Top 20 fastest-growing cities, a huge banking and industrial hub, with a low cost of living and wonderful weather. It’s a lovely place to live and work and would be another great CRE investment opportunity.”
While the economy has been tumultuous for the past few years, commercial real estate can be a wise investment – if you do it strategically. The financial experts at Loan Mantra offer the following advice:
· Do research. Determine where commercial real estate is hot. Which markets are seeing an influx of businesses? Which cities have solid “anchors” – like universities, large industries, and/or major corporations like Boeing and Google – that will continue to draw people to the area? Also consider other factors like low cost of living, pleasant weather, low crime rates, etc.
· Look at growth projections. Which cities are building out their infrastructure, such as retail and restaurant space? Which markets are adding new homes and apartment buildings? Where are new offices and parking structures being added? Conversely, look at where cities are losing space, facing declining populations, and experiencing decreased spending.
· Determine where rent is increasing. In commercial real estate, it is a smart financial decision to be your own landlord where rents have climbed the highest, owning property vs. renting.
· Invest in technology. Technology that automates processes and controls building operations (including HVAC, security features, etc.) have become essential in commercial real estate, so look for opportunities that include strong tech. Investors that buy properties with efficient, streamlined, tech-driven processes will be better positioned, especially as additional CRE opportunities emerge moving forward.
· Prioritize ESG. Smart commercial real estate investors are prioritizing environmental, social and governance (ESG) efforts when purchasing, building and operating properties.
· Be flexible. The way we do business has changed. E-commerce options with warehouse and distribution centers are replacing huge retail spaces. Many large companies now need smaller, more open and flexible work spaces.
· Work with a financial expert. If you’re thinking about making a real estate investment and you need to secure funding, working with an expert like those at Loan Mantra make it easier to Identify sources and finance your project.
About Loan Mantra
Loan Mantra is a one-stop FinTech business portal that democratizes the loan process by providing corporate sized services and access to new entrepreneurs, small and medium sized businesses. Small business owners identify two obstacles to their success: access to capital and financial education. At Loan Mantra, we remove these hurdles. We believe borrowers of all sizes should have equitable access to the $5.4 trillion marketplace of SMB financial products, lenders, government programs, and services. As a minority-owned business, Loan Mantra understands the challenges facing underserved borrowers. Our mantra? To improve the future of human entrepreneurship through best-in-class technology, financial literacy, and commitment to equitable market access. Reach out today at www.loanmantra.com.
Melissa Watkins
Out Box Communications
+1 804-402-5316
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
YouTube
Other
How to get a small business loan.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
