Covid has not been kind to businesses. I can only imagine the deals one could find for a property with the right zoning for a makerspace right now. Mark and Kris and whoever else should start up their own Sour Grapeserspace and get back to making.
I like to think of it as pragmatism, but I have to admit I do my best work below 572° f.
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Actually, no. Retail storefront, maybe. But warehouse and light industrial are next to unavailable. With all the supply chain issues, there has been a lot of push for onshore manufacturing, slightly increased inventory and distribution capacity. None of these are huge, but they have been larger than the available warehouse and light industrial space on the market.
I gather that even big fish like the zon are willing to rent surprisingly small spaces to handle safety stock and overflow.
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May have a 10,000sf building available in Lewisville if the property valuations don’t settle down. Property valuation went up 46%! Whiskey Tango Foxtrot! Have not received my home valuation yet.
Let me mark this off topic.
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No way,
Real estate in this area is crazy now. Even locations without tenants aren’t budging and are charging high rates. The plus to being a profitable Red State, the successful people in Blue States are moving here.
A large part of the cost right now is apparently due to Amazon. There are tons of products that are sold by a 3rd party but fulfilled by Amazon, which is likely highly profitable for Amazon even when the products don’t sell, because they charge rent per cubic foot for the product. I did some napkin math a while back on it and Amazon is potentially making $7+ per sqft per month even on products that don’t sell.
Weird. The more you know!