Select Page

Introduction: Hard corners have long been coveted for their high visibility and strategic location at busy intersections. However, recent changes in transportation infrastructure and safety regulations are reshaping the value proposition of hard corners. In this blog post, we’ll explore why hard corners are not what they used to be and why savvy investors should consider alternative locations for their commercial real estate investments.

1. Changing Access Points: One of the primary factors driving the evolution of hard corners is the Department of Transportation’s (DOT) efforts to improve road safety by restricting access points at busy intersections. DOTD’s initiatives, such as median installations, traffic signal upgrades, and lane configurations, aim to reduce congestion, minimize accidents, and improve traffic flow. As a result, access points on hard corners may be limited or eliminated altogether, impacting the visibility and accessibility of properties located at these intersections.

2. Impact on Visibility and Accessibility: Restricted access points can significantly diminish the visibility and accessibility of properties on hard corners, limiting their appeal to potential tenants and customers. Businesses that rely on drive-by traffic and convenient access may find themselves at a disadvantage if their location is no longer easily accessible from major thoroughfares. As a result, properties on hard corners may experience decreased foot traffic, reduced marketability, and lower rental or resale value.

 

 

3. Opportunities Off the Corners: While hard corners may no longer offer the same advantages they once did, there are opportunities to capitalize on alternative locations for commercial real estate investments. Properties situated slightly off the corners or along secondary roads may provide similar visibility and accessibility benefits without the drawbacks associated with restricted access points. These locations may offer lower acquisition costs, less competition, and greater flexibility in terms of property use and development.

4. Key Considerations for Investors: When evaluating commercial real estate investments, investors should consider the following factors:

  • Access and visibility: Assess the property’s visibility from major thoroughfares and its accessibility to potential customers, taking into account changes in access points and traffic patterns.
  • Market demand: Research market trends, demographic data, and consumer behavior to identify areas with high demand for commercial properties and opportunities for growth.
  • Zoning and regulations: Familiarize yourself with local zoning ordinances, land use regulations, and transportation plans that may impact property development and accessibility.
  • Investment strategy: Determine your investment objectives, risk tolerance, and long-term goals to align your investment strategy with properties that offer the best potential for value appreciation and returns.

5. Conclusion: In conclusion, the landscape of commercial real estate is evolving, and hard corners are no longer the guaranteed gold mines they once were. Changes in access points and transportation infrastructure require investors to rethink their approach to property acquisition and location selection. By considering alternative locations off the corners and conducting thorough due diligence, investors can identify opportunities that offer visibility, accessibility, and potential for growth in today’s dynamic real estate market.

Based in Alexandria, Louisiana, Justin Giallonardo is a skilled commercial real estate and construction professional, a dedicated community member, and a loving family man.