By now, everyone knows that this country is going through some tough economic times. Hopefully, economic strategists and financial experts are putting their minds together to create a plan that will make things better - fast!
However, if everyone knows that times are tough...and that businesses are closing...and that people are getting laid off everyday...and that money is tight...why are commercial properties in Atlanta and surrounding areas still so expensive? In a down market, you must reduce the price, whether selling or leasing, to attract a buyer or tenant. Otherwise, you run the risk of allowing the space to sit vacant for a very long time.
Some businesses that have been in existence for the past 5, 10 or 20 years are now closing their doors. They are simply not making the same amount of money that they were making, due to people not spending the way that they used to spend.
Many businesses have decided to close their offices and work out of their homes. This may not be a viable option for some if your business requires walk-in traffic (check with your county business development office for laws pertaining to working out of your home).
As a Realtor®, I am in search of affordable retail space and office space (Class A - C) for existing small businesses and aspiring entrepreneurs in our city. If you own commercial space that is just sitting, please call me at 678-644-1712.
Together, we can help small businesses achieve, even in a sour economy.
Altimese L. Dees is Broker/ Owner of The Real Estate Gallery of Georgia, LLC. For more than a decade, Altimese has been studying and consulting individuals, families, investors and corporations on topics related to real estate, housing and mortgage financing. She is an associate broker for RE/MAX Advantage in McDonough. Altimese serves as a local director of the Metro South Association of Realtors®, and a member of The National Coalition of 100 Black Women, Inc., MECCA Chapter. She can be reached by calling 678-644-1712, or email: altmd3@aol.com.
Comments(0)