By George Livingston and Christie Alexander
According to current economic indicators–and most economists–U.S. business and industry will likely show measurable signs of improvement in 2011. That means the window is narrowing on the opportunity for industrial firms to recognize significantly improved revenue from their leased facilities.
That may seem counter-intuitive at first. But the current economic cycle is rife with opportunity for successful enterprises with positive credit history. Your landlord is loath to admit it, but the fact is, your
company–more specifically your leasehold obligation–is one of your landlord’s principal assets right now.
Nationwide, commercial properties–including the facilities you occupy now–have decreased in value as a result of the real estate decline and the accompanying recession. With regional and local market vagaries, all properties have suffered. As undercapitalized companies downsized or folded, vacancies spiked and rents from remaining tenants have not made up the difference.
NAI Knoxville Property Management announces Shanda Chambers as the new Manager of the Water’s Edge Conference Center. Whether you are organizing a Business Meeting or planning a Family Event, she will help you make it a special occasion. Leave all the work to Shanda. Contact her at 777-0202.