Commercial and real estate in cities has always been in high demand. However, due to the pandemic, there is now a spike in demand for quieter, cheaper, and better-living spaces in the less busy cities. Additionally, as offices are opening, companies are looking for larger corporate spaces to allow employees to work in a safer environment. Therefore, today, we’ll be looking at how properties in 18-hour cities meet bothof these demands and are worth considering as your next big real estate investment.
What Are 18-Hour Cities?
Unlike the 24-hour hustle and bustle of cities like New York, 18-hour cities offer a much-needed reprieve.
These cities provide a base for employment growth and properties here are now in a record-high demand. When compared to 24-hour cities that rely on a massive service staff to keep operating, these cities have the potential to bounce back quickly once the coronavirus situation comes under control.
Remote operations have taken over and this means people who are working remotely are more likely to move to places further away from more expensive real estate closer to their workplace. This is where the property in an 18-hour city comes into play, as housing prices are moderate and there is a lot of room for growth.
Finally, as people demand better living conditions, real estate properties in 18-hour cities come up and meet the criteria at competitive price points. Therefore, these cities offer a reprieve in terms of cost management,better communication, and improved quality of life.
The advantages you get with 18-hour cities include:
- A reliable public transportation system
- Modern infrastructure
- Stronger economies
Are Real Estate Investments in 18-Hour Cities Worth It?
As the pandemic continues, offices are going to start opening with strict health guidelines. And so, you can expect employers to demand more space to allow employees to work safely and maintain a safe distance when working. In addition to a larger workspace, the indoor amenities of corporate real estate will need improvement as well. Here, you’re looking at demands which require better indoor infrastructure, improved HVAC systems, and advanced air filtering.
One of the more vital things expected of corporate real estate will be space for special check-ins before employees enter the premises. Altogether, you are looking at corporations and employers asking for larger workplaces, and investing in an 18-hour city real estate can help you meet that market demand.
The current situation surrounding the pandemic is what makes investments into properties in 18-hour cities so viable. In addition to increased demand for office spaces, you get to diversify your investment portfolio and find great deals in incredible locations. Moreover, as most of these are passive investments, you do not have to worry about landlord or management responsibilities.
Conclusion
Demands of properties in 18-hour cities have been increasing since before the pandemic started. And now, as workplaces are reopening, the demand has spiked and it serves as a great real estate investment opportunity. Therefore, investing in 18-hour city properties is a worthwhile investment for any investor looking to add top-tier locations and diversify their portfolio.
