What we are about to tell you regarding retail space for lease is an educated guess/prediction. No one truly knows what the future looks like in a post-pandemic society. Economists the worldwide are struggling with predictions, and they have the best economic minds in the world.
What we are about to tell you is based on our many years in the industrial and commercial property industry. It is based on what we see now, and what we expect to see if things continue to progress as they are now.
We are the Fort Worth Design District, serving the Greater Fort Worth area with outstanding industrial and commercial property for lease. Call us at 817-439-3224 to arrange to tour some of our outstanding rental opportunities.
Now, let’s look at that crystal ball and see what the future holds for sole proprietorships and retail space for rent.
The state of the economy
We are on the rebound as a nation. All economists agree on that. Unemployment is dropping. Disposable income in increasing. The only fly in the ointment right now is the supply chain, getting product to the consumer to purchase, and that supply chain issue will be slow to solve. There are literally tens of thousands of containers sitting on ships at this very moment, awaiting their turn to be unloaded and put on trucks for delivery.
All of that to say that the economy will improve, but the improvement will be slow. The rate of growth will be slow but steady as more people return to work, and more product is available for them to purchase.
Money is available for retail space for lease
Yes, money is available for those willing to open new businesses. The interest rates are still low, but they will not remain this low for much longer. Rising inflation will eventually lead to higher interest rates. That is a given. It is a traditional response to inflation, and you can count on it happening. When? Our guess, by mid-2022, which means acting in early 2022 is the optimal business decision for sole proprietorships to dive into this market.
Leases are reasonable
Drive through any major city and you will see a multitude of “for rent” signs in the business districts. That glut in available properties means lower rental prices.
How much longer that is true is anyone’s guess, but for right now, as 2021 comes to a close, this is a good time to look at commercial property for rent.
Our suggestion about retail space for lease
Our suggestion is this: if you have the start-up capital, and if your business plan is a sound one, now is the time to act. The longer you wait to open your business, the fewer advantages you will have. We are bullish about the state of the future economy, and a well-timed retail store opening will reap rewards if the product is a good one and the owner is shrewd.
A word about the Fort Worth Design District
Call us and ask about the properties available in the Fort Worth Design District. We are three business parks, namely Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park, and we are absolutely certain we have what you need at a price you can afford.