A community’s Commercial aspect is both the anchor and the working, provisional mechanism of that community’s economic health.
When Commercial real estate cycles through its sales and purchases of existing establishments, its new site development, or its re-development of blighted aspects, it is the region’s and its communities’ heartbeat in motion. Without a healthy, active commercial base, a community cannot thrive.
Everything in a given community, one way or another, depends on its economic flow patterns in order to stabilize, expand, sustain and serve the community. When a region is in broad transition (for instance, following a disaster, or in a dramatic growth phase) it is the Commercial part of its identity that is in the forefront for re-stabilization or expansion. Commercial sales, purchases and maintenance are essential in order to achieve or re-establish balance.
A region such as ours in Lake County may wish to more aggressively attract tourism or significantly expand what it has to offer the tourism market it is courting. Our Commercial real estate experts — in concert with appropriate promotional plans and tools – constitute the vanguard for achieving the Commercial growth goals.
Attracting the right businesses, investors and developers that fit the long range plans for a region requires not just knowledge of one’s own region, but insights concerning the bigger picture of surrounding regions, their resources and their significant character. When working to attract the kind of growth a region wants, it’s important to know and understand the Commercial markets of competitive neighbors.
In order to attract and acquire new business from the outside, we first must identify what kind of business we want based on what is needed and what will fit in with our long-range plan. Then, research all relevant criteria and take appropriate action! Are there parts of existing attractions or businesses in our communities that could better serve the plan by augmenting their services, expanding their facility or bringing in compatible business neighbors?
Revisiting established zoning is important. Knowing what is possible (and where) helps keep efforts on track. If there are existing city or County “long-range, established plans” that spell out all the projections – know them and use them. For growth and expansion to move forward as efficiently and profitably as possible, we depend heavily on the expertise, knowledge and experience of our Commercial real estate professionals.
Just about any moving part of an economically healthy community is vitally connected to its Commercial real estate aspect. Finding, bringing in and nurturing new business, transitioning specific venues for growth, sale or relocation, encouraging hospitality facilities (restaurants, mobile parks and hotels) are all generators of funds that support our community and visitor needs.
Commercial real estate services are vital to our community’s economic development! Commercial real estate experts keep their eyes on trends inside and outside of our region in order to intelligently and skillfully strive to support the established goals and long-range vision of our population. Without a stable Commercial real estate base, those economic goals and visions might not be realized!
