Spencer Cullor's Blog

Why You Need to Consider Multifamily Real Estate Investment Properties.

When comparing different real estate investment options, it is important to look at key factors in addition to just the income they produce and the purchase price.  When looking at different real estate investment options, our team likes to invest in properties that fill a profoundly necessary need that will always be in demand, and that need is shelter. 

Commercial real estate properties containing businesses (retail and office) have been declining every year. Businesses continue to have a variety of options available to them for locating their businesses. Their businesses can be located in an office building or in the basement of a home, or they can even use technology to make their businesses virtual, requiring a minimum of space. Businesses can store files in a warehouse, in the cloud, or on a thumb drive. They can stockpile large inventories or stay lean and order as needed. It is all reflected in the cost to run the business and affects the amount of space they need. My wife's employer is based in Texas and over 50% of their employees work from home, and connecting online. The internet has created less demand for retail space as consumers no longer have to rely on companies down the road to purchase goods and services.  They now have virtual stores they can shop from and have their purchases delivered right to their doors diminishing the need for retail space.  Companies are always scrutinizing the use of real estate and facilities as a way of improving the bottom line.