Tuesday, June 18, 2019

The Case for Growing in Developing Areas

FSR Magazine
Real estate professionals often say the three most important factors in real estate are location, location, and location. This rings true in residential real estate—however, its impact may be even more significant in commercial real estate for certain kinds of businesses. Some companies may have the luxury of interacting with and serving customers online, but a restaurant is tied to its physical location. While there are certainly stories of successful bistros hidden away off the beaten path and cafe's that gain a large following in spite of being in a less than desirable location, the goal should be to find the most optimal location for the money a business has budgeted for rent/the mortgage. In a fully developed area, this may be relatively straightforward. In a location that has more development on the horizon, research may be a little more challenging. . . . more