While it is true the economy has seen better days plenty of opportunities for local tenants still exist. The current climate of the commercial real estate market has created one of the strongest tenant markets in history. One of the most significant bedmond-plaza-flyery-products of the market slowdown has been the downward pressure on rental rates.
In almost every market, rents have softened creating some of the best opportunities for tenants to lock in generous lease terms. For example, much activity has taken place at Edmond Plaza located in Edmond at 15th & Broadway.
Three new lease transactions have been completed within the past 60 days. Majors Tavern, State Farm Insurance, and Prestige Salon & Spa were able to capitalize on the realities of the market by securing space at one of Edmond’s busiest intersections. Through the efforts of a knowledgeable real estate team and a well-informed property owner it is evident that deals can be made in these trying times.</p>
Whatever the scenario, tremendous bottom-line, long-term benefits can be had by securing space in this tenants’ marketplace.