How can commercial real estate investors fill vacancies in malls and shopping spaces as retail stores continue to shift toward e-commerce? Perhaps by teaming up with recreational sports companies.
Stamford Town Center in Connecticut recently scored a major win after Pickleball America secured an 80,000-square-foot lease for court space in the mall. Pickleball has been exploding in popularity in the US, bringing more demand for court space to play.
How Pickleball and Recreational Sports Trends are Creating Lucrative Opportunities for Commercial Real Estate Investors
Commercial real estate investors who own malls and retail spaces are seeing the benefits of this trend as sports companies are leasing space for sports facilities. This rise in popularity, especially with pickleball, has created new business opportunities for commercial real estate investors.
Investors who own malls and retail spaces are finding new ways to capitalize on this trend by leasing out court space to recreational sports organizations.
This not only creates a new revenue stream for the investor but also attracts more customers to their properties.
By offering recreational activities, malls and retail spaces can become a destination for families and individuals looking for a fun and active way to spend their time. This naturally generates additional foot traffic to other businesses in the same retail center.
How Innovative Capital Can Help You Find Funding
For commercial real estate investors looking to capitalize on the increase in participation of recreational sports, securing the right funding is essential.
Our team at Innovative Capital specializes in helping investors secure the best possible financing for their projects through various types of commercial loan sources. With years of experience and a wide network of partners, we are certain we can help you find the right funding source to fit your needs.
If you are looking to take advantage of the growing popularity of recreational sports, reach out to our team to see how we can help you find the necessary funding for your investment. Request a free quote below and one of our team members will get back to you shortly.