A Downtown Retail Boom? It's a Good Time for Asset Management Services
May 07, 14
According to a recent report in the Houston Business Journal, if retail follows rooftops, Houston's downtown is poised for a retail boom. That's because -- thanks to the city's Downtown Living Initiative -- ten new multifamily housing units are on tap for downtown. The idea for the initiative has been to create walkable spaces where people can live, work, and play all within the same area.
Currently, 4000 people live downtown, the article stated. That number is expected to increase to 7,500 over the next few years and more people living in downtown will set the stage for more retail businesses to serve those residents. The initiative is also expected to herald the provision of more open spaces and sidewalks so that the people living, working, and playing downtown can move about the area conveniently without having to rely on their vehicles.
If you own retail property in the downtown area, now is a good time to obtain Asset Management Services from LandPark Commercial. We can help you develop a long-term strategic solution to help you grow the value of your assets. We also provide superior property management services and landlord representation. Let us help you make the best of your investment by finding the best tenant for your space, offering the services that you and your tenant need, lowering your operating costs, and giving you the peace of mind that comes from dealing with experts in commercial real estate, leasing and management. For more information on how we can help you with your downtown retail property, contact us.