What the State Fair of Texas can Teach us about Commercial Real Estate
Our
travels took us to Dallas, Texas for the last week of the State Fair of Texas -
the world’s largest state fair - I’m told. After all, everything is bigger…
Anytime
we travel, I always look for a lesson or two or at least a way to improve
brokering commercial real estate. This trip was no different, but maybe a bit
harder to ascertain.
So
maybe a look at how the Orange County Fair and State Fair of Texas differ would
be fun with a bit of commercial real estate mixed in. If you’re up for it, here
goes.
The
first thing that hits you at the Texas State Fair is the scale. It’s enormous.
Big Tex greets you from his perch above the fairgrounds, smiling down on acres
of exhibits, food stalls, and carnival rides. The Orange County Fair by
comparison feels more intimate, more navigable, and, well, more California
casual. Both are successful in their own way, but they serve different
audiences with different expectations.
Commercial
real estate is much the same. Some markets operate on a Texas scale - huge
industrial parks, massive logistics hubs, and sprawling development tracts.
Others, like Southern California, require creativity within tight boundaries.
We don’t always have more land to build on, so we learn to repurpose,
subdivide, and modernize. It’s the difference between having a wide-open canvas
and mastering the art of working inside the frame.
Another
noticeable difference is pace. At the Texas fair, people linger. They stroll,
talk, eat, and soak in the atmosphere. In Orange County, we move faster. We
come for an afternoon, check a few exhibits, maybe catch a concert, and then
we’re on to the next thing.
This
mirrors brokerage styles. In some regions, deals develop slowly through
long-term relationships and measured conversations. In others, the tempo is
brisk - speed, competition, and timing often determine who wins. The best
brokers, like fair organizers, understand their crowd. They adjust their rhythm
to match the market.
Then
there’s the food. At the State Fair of Texas, deep-fried creativity reigns
supreme. Fried butter. Fried bacon-wrapped hot dogs. Even fried cookie dough.
It’s indulgent, over the top, and delightfully unapologetic. At the Orange
County Fair, you’ll still find your share of fried temptations, but there’s
also a nod toward fresh, local, and organic.
This
difference in flavor has a lesson too. In brokerage, knowing your client’s
appetite is everything. Some crave big, bold moves - buying large portfolios,
chasing redevelopment plays, or taking on risk for the promise of reward.
Others prefer steady, predictable, and sustainable decisions. Our job is to
serve what satisfies, not just what’s trending on the midway.
I
also noticed something subtle but powerful at both fairs: community pride. The
Texas fairgrounds tell the story of the state - its agriculture, innovation,
and culture. The Orange County Fair showcases local artists, small businesses,
and family-owned farms. Both fairs remind their visitors that they’re part of
something larger.
Great
commercial real estate brokers do the same. We connect businesses to
communities, not just buildings to tenants. When a manufacturer expands, a
warehouse fills, or a property sells, we’re shaping the local economy. Every
transaction adds a thread to the fabric of the region we serve.
So
what can the State Fair of Texas teach us about commercial real estate?
That
size matters, but so does fit. That pace varies, but focus wins. That knowing
your audience - whether they want fried Oreos or fresh fruit - is the key to
satisfaction. And most importantly, that pride in place transforms transactions
into relationships.
As
Big Tex would say, “Howdy, folks!” Whether you’re buying, selling, or leasing,
make your next deal something to smile about.
Allen C. Buchanan,
SIOR, is a principal with Lee
& Associates Commercial Real Estate Services in Orange. He can be reached
at abuchanan@lee-associates.com or 714.564.7104. His website
is allencbuchanan.blogspot.com.
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