Why is there so much Commercial Real Estate Available in Westchase?
28 May 2014
We saw a great article in the Westchase Patch – Why So Much Westchase Commercial Real Estate? 
As Tampa area commercial movers and office furniture installers, we try to keep close tabs on trends within the local market as they apply to commercial real estate.
We like to know when companies are moving in or moving out – that signals opportunities for our teams to talk with decision makers about how they’ll manage their moves.
Here are some highlights from the article:
“These businesses are busy. So why aren’t new businesses lining up to fill empty retail space in Westchase and surrounding areas?
Bruce Swain of Real Property Specialists, Inc., is charged with leasing space in the Westchase Town Center across from .
When asked to speculate on why some space stays vacant for long periods of time, he cites several reasons including:
- Tenants seeking aggressive price per square foot reductions vs. landlords that are unwilling or unable to agree those aggressive terms.
- Non-responsive commercial real estate agents.
- Banks that lend money for development of commercial retail centers often tie the hands of landlords and require specific range of price per square foot in their financing documents. If that range is broken, a large up front payment may be required by the landlord.”
