By Jay Reeves
Retail space is limited in Charlottesville, reports Jay Reeves, a commercial Realtor with Bob Kahn Realty & Investment.
|The Barracks Road vacancies dropped from 7 available stores to 1 between July 2015 and Jan. 2016. Far below the national average of 9.10%, Charlottesville’s rate of vacancies is a healthy and low 3.31%.
Five of the six retail areas measured show steady or declining vacancy rates compared to July 2015. The greatest declines were seen for stores on the Downtown Mall (8 to 4) and at Barracks Road (7 to 1).
• Once again, Preston Plaza and McIntire Plaza reported no vacancies.
Jay also announced that he just listed 1775 SF of retail space in Berkmar Crossing.
For up to date information on available commercial space or to lease your space, contact Jay Reeves, 434 466-8348, firstname.lastname@example.org or www.bobkahnrealty.com, Licensed in the Commonwealth of Virginia.