Rent affordability for tenants - ease of reletting for owners
Flex real estate is a hybrid of office and warehouse space. It’s not the most glamorous, but when you account for risk adjusted returns, it’s hard to compete with a flex property.
Often occupied by a tradesman, flex space has opened up the market to small and medium sized businesses - who are too small for large industrial and incompatible with traditional office.
The typically affordable rental rate of flex real estate makes it a low risk opportunity for investors. If a tenant vacates it’s easy to quickly re-let - most cities have extremely durable rental markets for small businesses needing space.