During this pandemic, many businesses have moved out of the office and into private homes. While this at first was a temporary precautionary solution to keeping office workers safe, more and more business people have chosen to stay at home. This has put a question on many people’s minds: is keeping an office space worth it? The reality is, it’s up to how your business wants to operate. But there are lots of tenants that are slowly but surely arriving back at the office or considering an entirely different space for a corporate refresh. This is where a business park comes in. A business park was once the most sought-after area to place your business since it was often accompanied by convention centers and hotels for market professionals to reside in during business meetings. And despite the pandemic’s adverse effect on commercial real estate, a business park is still a great place to have your office space. Here’s why. (more…)
Posts Tagged ‘ business park ’
Commercial real estate investors have a lot of options. They can specialize in multiple types of CRE, including office buildings. One type of office building that one might overlook is the business park. Are business parks obsolete? Will remote work and virtual service overshadow this form of real estate? Not at all! Here are several perks inherent to the business park.