occupancy rate for commercial property in cumming

Is the occupancy rate for commercial property in cumming declining or increasing?
In Leasing Property - Asked by Jerry T. - Mar 13, 2011
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Rob B.
Chandler, AZ

This type of question always requires a bit more detail. What market of the US are you interested in? What submarket of that market would be of the most interest? What type of commercial property in the sub-market are you interested in?
When reviewing occupancy reports you have to take into consideration the existing product in the specific area, the rate of new construction scheduled to come to market and the number of existing building permits.
This can then be blended with unemployment rates for the market, with an application of the growth or diminishment of employment being a factor. This information coupled with the projections of new factory orders for capital equipment will give solid trends. In the end analysis, many opinions about occupancy if taken without contributing facts are a bit like President Harry Truman's comment one time. He said, "I would always want to have a one-armed economist, as that would keep him from saying, 'on one hand you have such and such, but on the other hand you have this'!"
I realize that is likely not the answer you were seeking. However, you can look at listings in your area for the specific type of property you are interested in and see a great deal by availability of leases for existing product. You can find out specific unemployment rates and trends from the Department of Labor published information. Lastly, there are large brokerage companies and financial institutions that publish their conclusions frequently. Good luck Jerry.... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: rob@capratecommercial.com

Mar 14, 2011
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