The Flex Condo

The “Flex Condo” model is designed for ownership rather than leasing. In this concept, you build out small bay flex units with the intention of selling them individually to end users. This approach continues to gain traction as small businesses increasingly prefer to own their space, often achieving lower monthly payments compared to leasing—while also gaining the pride of ownership.

While similar in layout to a traditional rental park, a condo project requires additional infrastructure, legal setup, and planning—particularly around utility separation, lot subdivision, and the formation of a Property Owners Association (POA). Despite the extra steps, the condo model can be highly profitable, as units often sell for a premium price per square foot due to limited supply and strong demand.