The economic landscape is rapidly changing, creating a new demand for commercial property in smaller suburban cities.
Rapidly increasing property values in major cities are causing large traditional companies and start-ups alike to move out of metropolitan areas and into the suburbs. However, in many cases, these smaller towns aren’t prepared for the impact of the new businesses.
In California, small towns are being developed into larger suburban cities, and it’s spreading. Similar trends are emerging around the country including in Oregon, Washington, Texas, and North Carolina.
As the demand for space in these hot areas exceeds the available land, commercial real estate professionals must serve traditional real estate needs and creatively re-purpose overlooked spaces for new development.
Are you ready to meet these new real estate needs? Do you know your neighborhood?
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