Did you know that roughly 21 percent of buildings are commercial, whereas residential make up the widest sector? We see this whenever we drive down an abandoned office park. With so many office complexes losing clients and not gaining any new ones, what would make it more likely for people to return? a renovated space with a clean, modern look.
When you see an office complex with worn-out “Offices For Lease” signs, you are looking at the building without even realizing it; when you tour the property, you are examining the quality of the walls, paint (and yes, indeed, the floors they use). That is why Commercial LVP Flooring by Ado Floors and our Fortika collection of products are a necessity for anyone looking to invest in the commercial real estate industry, whether as a unit or as an investment.
So, why should you invest in commercial real estate, and what does this have to do with our floors? Well, for starters, the commercial real estate industry is worth roughly 10.9 billion as of 2020. The average cost to rent a commercial office is $2.25 per square foot, though this has dramatically fallen since the pandemic. What does this have to do with floors?
Commercial real estate is still growing, with a large representation of the market being commercial. With that said, many people are realizing they can buy into the commercial real estate industry as it advances across the nation. Developing areas such as Denver, Charlotte, and Tampa are working on adjusting to the Silicon Valley migration out of California and into less expensive locations. It is a good idea to make sure those of you with the income (or a savvy investor) are readily available at these key locations, where the population is increasing on commercial real estate.
Buy a building and redo the floors. That is our best suggestion!
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Europine, the only official United States distributor of ADO Flooring, sells quality SPC flooring at manufacturer direct pricing in its Miami location, no matter where you are in the United States. Manufactured with the most advanced technology available in the field, ADO Floor products are crafted in a factory on Turkey’s Mediterranean coast. The only SPC flooring manufacturer in Turkey, ADO Floor is dedicated to producing beautiful, durable products that are available at great pricing. Contact them today to find the right flooring your home or business today!