CRE is a foundation and sign of a thriving society. Here’s why.
Commercial real estate has faced its challenges over the past few years due to the rise of e-commerce, national lockdowns, and economic instability. While the economy has been improving over the past few years, positive outlooks remain a little bit lower than last year, according to Deloitte. No matter what, commercial real estate matters and is necessary for a healthy society. Here’s why.
CRE Supports the Supply Chain
Commercial real estate is the physical support that makes the supply chain possible. Physical items are necessary in so many ways, from medicine to construction materials to food to everything else. CRE includes warehousing, storage, retail centers, and other supply chain buildings.
CRE Provides Necessary In-Person Services
CRE also provides a setting for in-person services like medical care, grocery supply, convenience supply, physical therapy, and much more. E-commerce is here to stay, but many people still prefer in-person shopping, and some companies benefit from having a physical business location.
CRE Supports In-Person Connections
CRE also supports face-to-face connections. Restaurants allow people to share a meal with their family and friends, retail centers allow anyone to strike up a conversation, libraries support community events, and business locations allow for face-to-face business meetings.
CRE Creates Countless Jobs
Commercial real estate also creates millions of jobs for contractors who are building and maintaining these properties. CRE requires much planning and professional skill in its construction and ongoing landscape, building, and pavement maintenance. As for the businesses themselves, they will need property managers, business owners, and employees to keep it thriving.
CRE Fosters Community
The more built-up an area is with amenities like shopping, healthcare, and recreation, the more people will want to live there and create thriving communities. Commercial real estate matters not just as a necessity, but as a sign of a healthy economy and community.
CRE Builds Wealth for Investors
Every CRE has an owner. The benefit of living in America should be that you have the opportunity to work smart, live a comfortable life, and give back to the community. CRE is a fantastic investment for those wanting to build their wealth over time due to its long-term, stable nature.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.