I have been going back-and-forth on a 96,000 SF development. I did my due diligence, but the market data that I could find was sparse at best. So I delayed...and delayed. I just couldn't get comfortable and my lender was asking questions that I just didn't have data to support. Finally I engaged Wayne Bares and Cody Payne at Small Bay Feasibility to build a feasibility study that would give me the data that I needed to feel confident with the project. The Feasibility study they provided is very comprehensive. It supported many of my assumptions, and provided a list of conditions that I need to address to improve the chance of success. My lender loved it and I now have real data, provided by an industry leader, to support my investor pitch deck (not just assumptions). I have always been a value-add investor and have that process down. Now I have the resources and confidence to jump into developing a larger small bay complex. If you are experiencing the same challenges finding real data in your market to support your small bay development, reach out to Wayne and Cody. It is worth the conversation. wS

Our team will be at Flex Connect next week, looking forward to seeing everyone that will be there. There will be a lot of various flex entrepreneurs there so if there is someone or something you are specifically looking for whether that’s a builder, equity, civil, architect or anyone else in the flex world, let us know and we can help introduce you to someone in that field so you can Dominate Flex Connect

I am looking forward to seeing everyone in Houston for the Flex Space Connect Conference. I organized a Basecamp networking event the night before the event. It will be great to meet many of you in person. Date: Tuesday, September 29th Time:6:00-9:00 PM Venue: The Flying Saucer, Sugar Land Town Square (private room in the back) Walking distance from the Marriott, which is hosting the conference. No agenda, no slides, just a chance to put faces to the names you've been seeing in the community every week. Come have some food, a drink, talk shop, and meet the people building alongside you. Hope to see you there. wS

Has anyone had success pre-leasing units? How early did you start marketing for pre-leasing? Were any platforms better than others for pre-leasing? I've typically used Facebook Marketplace, but a lot of the leads through Facebook are looking for space ASAP. Curious if any other platforms (Crexi, Loopnet, etc) have been more successful for this?

This is the perfect example of what we call Showroom Flex. This is a project that was built to utilize the strong frontage and traffic counts while giving businesses strong customer facing units with front and rear garage doors and high ceilings. This is one of our favorite styles of small bay industrial, in many cases these can attain higher rents, stronger tenant credit and tenant retention. https://youtu.be/oz4XlpB_U-c