Forbes asked our own Casandra Properties CEO, podcast host, and author James Prendamano recently on the situation with vacant commercial real estate. James Prendamano has always been an accurate predictor of market conditions and recovery, having survived the 2008 crisis.
Forbes asked professional real estate brokers how they can find new opportunities to fill vacant commercial spaces.
In 11 Ways to Find New Opportunities for Vacant Commercial Spaces, James Prendamano Writes
Find Nontraditional Tenants for Backfill. Social media, geofencing, void analysis and emerging-trend research have allowed us to find nontraditional tenants to backfill commercial space. Hospitals decentralized into local markets, micro logistic centers, shared office space, and a growing F&B market offer a new stable of potential tenants. Recent stimulus has also spurred growth, as folks trade in their 9-to-5 jobs to pursue entrepreneurship.
Want to hear more expert commercial and residential real estate advice from James Prendamano?
Casandra Properties Commercial and Residential Properties on Staten Island, NY.
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