What is a flex property?

When considering ways to invest in commercial real estate, you’ve probably come across the term “flex property” or “flex space”. What exactly does that mean?

Flex properties are becoming more popular as a specialized form of real estate that businesses look for. They are cost-effective and give more flexibility in ways for businesses to carry out their operations. A flex property is an office or retail space that usually has a functional, divisible floor plan with a large common area and more amenities than traditional multi-tenant spaces. This allows for tenants to easily divide the space into multiple leasable areas. They also usually come equipped with internet connectivity, parking, and storage options. Flex properties offer businesses unique opportunities to customize their work environment and financially benefit from shared resources.

Types of flex properties:

• Office Flex

• Retail Flex

• Industrial Flex

• Multi-family Buildings

These types of properties have become increasingly popular in the last few years due to their versatility and convenience.

Reasons to invest in a flex property:

• Due to their growing demand, flex properties provide investors with the opportunity to capitalize on this demand without having to develop entirely new buildings or spaces.

• Potential for high returns with excellent liquidity.

• You can use the investment for a variety of purposes like generating rental income, starting. a business, or adding to your real estate portfolio.

• Flex properties are preferred due to their resale value. Retailers may be more attracted to buying flex properties due to their ability to use the space in various ways.

In 2020 when businesses transitioned to having their employees work remotely, the flexibility and benefits it provided became increasingly desirable. And as more companies transition back to having an office environment for their employees, it’s become more advantageous to have employees work from flex spaces rather than the traditional office. The professionals at MAK Real Estate Ventures have the expertise and knowledge to help you make wise investment decisions regarding what form of commercial real estate is right for your needs. Contact our team to discuss the possibilities available with flex properties to benefit your business.