The market for nonresidential properties in Los Angeles and other parts of the country continues to experience demand in general. However, industrial properties, including those with commercial leases, are especially drawing more attention — specifically among craft breweries. This is because a growing number of individuals are showing interest in eating food and drinking beer on industrial estates.
According to business owners in the brewery industry, customers enjoy the opportunity to drink their beer while seeing how their beer is being made in an industrial building. Customers also enjoy the experience of trying to find the industrial property when it is off the beaten path, as this is akin to going on a treasure hunt. For this reason, more bar owners may turn to industrial properties to house their business operations.
According to experts, rents have a tendency to be lower in industrial parks versus in areas of cities and towns that are commercially zoned. At the same time, industrial buildings are often near large population bases. This makes industrial properties increasingly appealing to business owners and thus to the investors who would like to rent out properties to these business owners.
With the commercial real estate market — and especially the industrial property sector — being strong, now may be a good time for investors or aspiring investors to pursue industrial properties featuring commercial leases. The process of purchasing these properties, however, can be complicated from a legal standpoint. Fortunately, an attorney in Los Angeles can guide a director through his or her transaction so that the investor’s rights are not violated at any point of the deal.