Submitted by The Rants Group
Throughout Thurston County, demand for commercial real estate is on the rise across all three major product types. Small industrial spaces lead the pack with big demand for space <5,000sf, although spaces larger than 10,000sf remain weak. Retail follows in a close second, with increasing demand for high quality, newer space in some of the premier retail sub-markets such as those along Harrison Ave, Pacific Ave, and Martin Way. Our office market, the largest by total SF, was hit the hardest during the recession and although it is recovering steadily still has further to go than the other two types.
What does this mean for you and your business? It means now is the best time to move, renegotiate, or extend your lease term at favorable rates which are not likely to last much longer. One of the services we provide is free review of your current lease, and a recommendation for the best way to capitalize on the resurgent market conditions.
Additionally, with sales prices still near recent lows, this could be the perfect time to consider purchasing the right building for your business. We can perform a detailed lease/purchase analysis for your business to help you determine which route works best to help you reach both your short and long term goals.
So don’t let these unique market conditions pass you by. Contact us today so we can get the review process started and you on the right path for your business!
