No Slow Down in Commercial Property – Adapting with New Trends

As we emerge from a challenging year, we’re excited to see new trends appear on the horizon. Especially for commercial property and mixed use property in middle Georgia. A combination of retail, residential, office and industrial is a trend that we cannot ignore going forward, and it’s certainly one that Patty and Tripp can support with their portfolio of commercial properties throughout Macon, Milledgeville and other key middle Georgia areas.

Commercial Property means Mixed Use Property

In its most distilled form, mixed use property is exactly as it says. A combination of two of more types of real estate. So, we’re seeing an emergence of office space that also contains residential units, or industrial properties developing in pedestrian and residential settings.

Adapting to the emerging markets has allowed businesses to stay on track with their own growth and development plans, while coping with a different environment for commercial customers. This also results in providing greater stability across the board – everyone is in a better position, financially. By combining uses, the developers and property owners are better able to provide for their own tenants and resident businesses, who are also likely to experience challenges during this time.

Middle Georgia Commercial Growth Opportunities

Even large-scale industrial properties are experiencing a renaissance in lieu of the pandemic. Factories, warehouses, and containers throughout middle Georgia are being repurposed to create functional office and residential spaces, reducing our carbon footprints and supporting more sustainable models of property development. And, with more families living in multi-family situations and more people sharing homes with fellow renters, our multi-family units just make sense.

Find a wide range of industrial and commercial properties in our listings, and talk to us if you have any questions about alternative development options. Mixed use and repurposed properties are here to stay – don’t get left behind, call us today, or search our listings here.

Malls & Big Box Retail Centers Transformation

For years, malls and big box shopping centers have been the mainstream choice when it comes to retail shopping.  In the last few years, malls have somewhat fallen out of favor and some big box retail centers have closed and relocated to more popular areas with more growth.  That in turn creates a lot of vacancy in these big commercial buildings.

Companies are now taking advantage of these vacant buildings and repurposing them.  Now with the internet, shopping has slowly switched from the brick and mortar shopping experience to more on-line shopping.  And now with the COVID-19 virus, on-line shopping has increased even more.

These situations have created a transformation where the vacant malls and big box centers are being transformed and repurposed into large distribution centers and industrial warehouses.  Companies like Amazon are using these properties for their regional fulfillment centers.  Companies like Fed-X are using the buildings for distribution centers and warehousing.

This trend has been going on for a few years now.  But with the popularity of the internet and the change COVID-19 is creating throughout the world,  it is predicted that it will increase in popularity drastically in the near future.

Malls are being transformed from retail outlets into call centers, apartments, and more.