Ten Second Video of Retail Space Available Franklin Square Area Gastonia NC

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10 Second Tour - Flex Space in Gastonia NC by Sucellus

Rising Vacancy and Lower Rents - The Facts

I was reading the May Commercial Property Executive Magazine when I came across some interesting data from REIS, Inc. for nationwide averages for retail vacancys and rents. Below is a table I did from the data looking at the percentage change from one year to the next in vacancy and lease rate.

Yr         Vacancy%         Rents$         Delta V         Delta $


2000         6.4                15.89

2001        7.1                 16.31           11%             3%

2002        7.3                16.68              3%            2%

2003       7.2                17.14              -1%           3%

2004       7                   17.62              -3%          3%

2005      6.8                18.22               -3%          3%

2006     7.1                18.92                4%           4%

2007     7.5                19.46                6%           3%

2008    8.9                 19.52              19%           0%

2009   10.6                19.13              19%          -2%

2010 Est 11.5           18.86                 8%          -1%

What this shows is that even a 19% change in vacancy at best reduces rents 2%.

This makes the retail rental rate of $14.50 at 831 South Church St at I-85 across from the Movies and up Church st. from Goodwill the best value around. And they include utilities!

Destination Retail in Flex Space Units off South New Hope for $7.50 have even more value.

Please note lease rate is annual base rate per sf per year before triple net charges of taxes, insurance & maintenance.

Sites at Exit 22 I-85 Lowell NC

MLH Properties to J&R Rentals property of 5.8 acres on South Main St. Lowell NC $5,200,000

22 at Lowell Sites