New Business Space In Gastonia

I have been reading and reviewing alot on articles and information on Commercial Real Estate for the future. Economic activity is governed by the Law of Supply and Demand unless there is outside intervention from a force like government. I don't see government intervention in the Business to Business market of commercial real estate. Leaving us with Supply and Demand.

The Recession with Job Loss has reduced demand for commercial space. However the credit market meltdown has choked off any financing for any new projects. One article I read said recovery for new construction of commercial space could be 2013 before taking place. A majority concensus of articles saw little to no new construction in 2010 or 2011. The supply of space will be static for several years it seems. Space I have available in Gastonia right now.

The recovery seems to be on a path of long slow growth with little job recovery. Here is where my faith in America shows in that I think this pattern will lead to an explosion of small niche businesses providing goods and services not available from large companies due to scale. These businesses are going to need commercial space and that is where demand for space will come. We specialize in small business space.

Any growth in demand coupled with no growth in supply is going to create supply issues. Avoid those issues by locking in the space we have currently available.

Gastonia Commercial Real Estate

I think the commercial market begins to stir. I have signed a lease in the last two weeks for some flex space. I have also had a lot of "tire kicking" and second looks. Besides the news worthy lease of retail space to Adam and Eve in the Franklin Square/Cox Road Corridor there seems to be other leasing taking place there.

With zero new projects being built or financed what you see is what you get for the foreseeable future. If enough leasing activity occurs there can quickly be a shortage of desirable space and even rising rents. Waiting for that absolute perfect location and building at an all time low rate could backfire. Getting the location and building you want at the current reasonable rate might be the better long term strategy.

Below in the October Post are the Units we have available. From Exit 22 on I-85 to Church St./Franklin Square to South New Hope Rd. Area we have prime locations in mostly new or newer buildings at competitive market rates. For more info