If you've been thinking about getting into the commercial real estate investment sector, you have plenty of options available to you. However, as a first-timer, you're likely to want to start somewhat small so you can get your feet wet without a huge risk, and get yourself acclimated to the business.
With that in mind, there are plenty of opportunities to make relatively small investments in commercial property that can help you find your footing and set you up for success. These are just a few of them:
One of the easiest ways to find success in commercial real estate is to go where success already exists. Big, popular shops like supermarkets, big-box retailers, department stores and the like provide a lot of foot traffic. While space near them isn't necessarily bottom-of-the-barrel cheap, it can still be affordable – and provide a strong return on investment, because that space is always going to be in demand.
Renting out office space within a few minutes of a large city with sizable suburbs can be a great idea. Companies are always looking to save money on rent while still being close to a big talent pool, and if your office space can help suburbanites shave a few minutes off their commutes every day, there's significant value for both you and a company.
If the government is planning to build or upgrade roads, train lines, highways or other means of transportation in your area, now is the time to invest in commercial space near them. After all, with such infrastructure comes more traffic – studies show that no matter how big you build a road, cars and people always show up to fill it – and if you can take advantage of that fact early (when investment costs would still be relatively inexpensive), you'll likely end up in a good position in the long run.
No matter what your long-term goals are when you get involved with commercial property investment, we all have to start somewhere. The real estate experts at Ray White Surfers Paradise are here to talk you through all your options and find something that aligns with your current needs and plans for the future, so get in touch with us today to set up an appointment.