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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (56616)	1/15/2012 3:49:49 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 119362

It's still alright to dream, ain't it? The realtor cites one unemployed person taking a stab at an unproven kid's craft store as an improving climate. ------ Experts: Business climate improving OCEAN CITY -- Experts in commercial leasing say Ocean City's market for business renters has picked up significantly, as public interest grows in new resort businesses and landlords seem willing to deal. "I think definitely things are improving, yes," said Greg Custer of leasing company Trout Daniel & Associates. "I am seeing an increase in the numbers of inquiries for space, and we're actually succeeding in getting leases signed." The resort also seems to be a destination for people who had visited the beach and Boardwalk for years, and have now decided to relocate their businesses here. Custer said he just brokered a deal at the Montego Bay Shopping Center for a shop titled Kids Create Fun. The renter showed interest in November and has already signed a lease this month. It's a deal Custer said moved with "exceptional" speed because it was a great fit for the man's business. A year ago, the commercial leasing market was very slow, according to Custer -- almost dead. Now people seem to be showing more interest in renting commercial space on the island. "I think people are seeing some positive (economic) signs, but I'm not ready to believe it," Custer said. "I'm old enough to know that you still get negative reports from the economy. But people tend to want to be positive, and maybe because of lack of employment people are beginning to see opportunities in working for themselves." In Berlin, work already has begun on a 15,400-square-foot retail building in front of Walmart. The planned retail space at what's called Ocean Landings I so far doesn't have a deadline for the project to be completed, according to attorney Mark Cropper, who represents applicant Worcester Retail LLC. That outfit is a subsidiary of The Cordish Company, the real estate conglomerate that first brought the Walmart to Worcester. The overall appearance of the new retail space will be consistent with the new Super Walmart now under construction. Cropper said it's possible that store could be open by April. He also said a wastewater treatment facility has been completed for the site.