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Commercial real estate promises to be a strong investment in 2022

On Behalf of | May 19, 2022 | Real Estate |

Since 2020, the pandemic has affected virtually every area of life, including where and how consumers live, work and shop. Because of these changes, real estate purchases and sales in Texas have also changed – as many people now work remotely, and residential property continues to be in high demand. In commercial real estate, investors and experts believe that 2022 will see higher numbers of commercial property purchases, making this a relatively safe investment.

Changes in business

For many companies, the pandemic has changed the way they do business. Companies have more employees working from home, which means there is less need for office space. However, because of the increase in e-commerce, many companies now need warehouses for fulfillment centers.

Other growth areas

Experts agree that 2022 will be another strong year for commercial real estate investment. Different types of property may see increases in popularity this year, including student housing properties and medical office space. Investors also found mixed use commercial and multiunit dwellings to be wise investments, as rent is high and availability is low. Resort and hotel investment is also seeing an uptick, as families are returning to vacation and leisure activities following a long hiatus.

A potential drawback for real estate investment is the possibility of higher interest rates.

Making smart investments

The wrong commercial real estate investment can lead to significant financial loss. There is significant benefit in working with a knowledgeable real estate attorney to help ensure purchases will be beneficial long-term. Before investing a significant amount of financial capital, it is prudent to seek guidance regarding how to protect legal and financial interests when navigating such purchases.

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