Industrial spaces have always been a good investment for those who want steady rental income, but it can become an issue when businesses fold or move to other areas. Landlords used to be stuck with these huge buildings, and they could be hard pressed to find new tenants. Along the way, someone realized there were people with little cash and plenty of time who were willing to turn these spaces into homes. This style of apartment living became quite popular during economic downturns, but modern loft living has evolved.
Industries are still changing location or closing, and buildings that have seen better days are still in need of tenants. Modern contractors and developers have found they are a good buy, and they then turn to their in-house design teams to create apartments and condominiums that will bring in a healthy income from people looking for a unique home.