Hot Spot - Fall 2013

Downtown retail locations on Main Street and just off Main remain very much in demand and rents for some properties far exceed $30 per square foot.  Two components are driving this red hot area.  Firstly, downtown is a fun place to live and work offering quality retail, entertainment and housing options.  Secondly, quality attracts quality and this adage applies to retail locations. Look around and you will see that some property owner’s renovated older obsolete buildings and provided clean, modern and attractive locations for new businesses.  Several properties downtown experienced extensive renovations and successfully attracted quality new businesses to the area.  Visit Penzeys Spices, Evelyn & Arthur, J. McLaughlin, or Reason’s Shoes and witness first hand testament to property owners who were visionaries and invested the energy and resources to significantly improve their spaces.  The reward for the renovations were quality tenants.  They win and all of downtown wins!