Developing Commercial Real Estate in Texas: Unique Options for 2021
Commercial property activity in Texas created more than $54 billion in 2019. Even with the difficulties of the current global climate, real estate in Texas continues to grow.
Shipping containers can help you take advantage of commercial real estate opportunities in Texas.
How much does a shipping container cost? Who is the best Texas supplier? Find out more here.
Real Estate in Texas
The COVID-19 pandemic has affected commercial real estate. Especially hard hit are restaurants, bars, and many other types of small businesses.
However, the commercial real estate market in many Texas cities has still continued to grow. For example, Dallas led the country in commercial real estate deals in 2020. Houston ranked ninth. This may largely be attributed to the influx of people continuing to move to Texas from other more expensive areas of the US. More recently, this statistic has spiked even more, as a result of the current political climate and the pandemic situation.
As a result, the Texas economy remains strong, which in-turn helps the real estate market. Texas ranked seventh in the US for the fastest rate of job growth in 2020. The unemployment rate decreased in September 2020 compared to April 2020.
So, real estate will continue to be a good investment in Texas.
Shipping Containers for Commercial Real Estate
Using shipping containers is an innovative way to maximize the value you get from your commercial real estate project. Shipping containers are strong and durable. They’ll withstand the extremes of Texas weather.
Shipping containers are also very secure. Thieves or vandals will have a hard time trying to break in.
In addition, shipping containers are portable. They’re ideal if your commercial project involves a pop-up shop or a seasonal business. In that case, using shipping containers , allows you to move to any location that is trending for your type of business.
Containers are modular by design, so you can adapt your business buildout as your needs change. Lastly, shipping containers are usually much cheaper than traditional construction materials.
You can modify a shipping container to meet any of your commercial needs. You can add features like doors, windows, and air conditioning. You can choose whatever paint colors you want. You can also choose accessories like shelving.
Shipping Container Bars
An increasing number of entrepreneurs are using modified shipping containers to open a restaurant or bar. One successful example is the Powder Keg in Houston. They use a long modified shipping container as their outdoor bar.
The location features a dog park, sand volleyball, and food trucks. Equipment Management Services (EMS) worked with the owners of the Powder Keg to develop the distinctive look and functionality of their container bar.
Fortress BeerWorks Brewery, located just outside of Houston, is another up-and-coming container bar. The outdoor bar is a shipping container that EMS modified to fit the needs of the Fortress BeerWorks site. Fortress BeerWorks features cornhole, live music, and Sunday football brunch during the season.
Shipping Container Cost
The price of your shipping container will depend on several factors. First, obviously, a new container will cost more than a used one. Also, the size of the container and its condition will affect how much you will pay for it. Lastly, the amount and type of modifications you want to make will contribute to your final build-out cost.
EMS Shipping Containers
When you’re ready to buy your shipping container, Equipment Management Services is ready to help. We offer a large selection of new and used containers. We can also help you with any container modifications needed.
Contact us today to request a quote for your shipping container and modification cost. We look forward to becoming your long-term partner in the commercial real estate space.