What does the industrial space for lease market look like for 2022? Is it a good time to rent industrial space for lease? Should you maybe wait another year or two? What should you look for in industrial space for lease?
We are going to answer those questions for you in this article, we being the Fort Worth Design District, offering outstanding commercial and industrial property for rent. Call us at 817-439-3224 for more information and to arrange for a tour of the Design District.
Where we stand with industrial space for lease as 2021 comes to a close
A variety of factors, including the pandemic and the broken supply chain, have led to an industrial property vacancy rate of only 4.1 percent at the end of 2021. That is close to an all-time low in the United States.
Companies, especially large corporations which deal in e-commerce, are looking for any available warehousing space to meet the current needs and the future needs. E-commerce will continue to surge in 2022, and with that surge a demand for warehousing will also surge. High demand plus limited supply can only mean one thing: leasing and purchasing prices will be at a premium.
Our recommendation for those looking to lease industrial space for lease
If you think you will need a warehouse for rent in 2022, or for that matter an office warehouse for rent in 2023, now is the time to act and now is the time to lease that warehouse. Leasing prices will not be this low for a number of years into the future.
Are there good deals to be found in 2022? That depends upon what you consider a “good deal” to be. If you can find a warehouse for rent which meets your needs, and it is close to the price you have budgeted for, we strongly recommend you make the move in the early stages of 2022. The economy is rebounding. Space is needed. Action is recommended.
Finding what you need at your price
Time for another recommendation: find yourself a reliable commercial real estate broker and put them to work for you. They know the market. They know what is available. They are motivated to produce results.
Using Fort Worth to illustrate our point
A commercial/industrial real estate broker in Fort Worth would point out the following facts for someone looking for a warehouse for rent, or office warehouse for rent, in Fort Worth.
First, the fastest growing industrial and commercial area in all of Tarrant County is the Alliance Area of North Fort Worth.
Second, quality properties are still available in the Fort Worth Design District, in particular in two business parks, Box Office Warehouse Suites, and the Golden Triangle Business Park.
Third, hesitation will lead to disappointment in Fort Worth. Construction of industrial space cannot meet the demand at this time, and it will take a year, possibly two, before demand and supply come close to intersecting.
A word about the Fort Worth Design District
The Design District is made up of Box Office Warehouse Suites, the Paddock Place Office Suites, and the much more traditional Golden Triangle Business Park. Industrial property as small as 320 square feet is available, and as large as 10,000 square feet is available. Call us today!