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Amarillo commercial real-estate market growing, national chain companies set to move in

Amarillo commercial real-estate market growing, national chain companies set to move in

“For 2020 for us on the commercial end, I mean there was a period of about 60 to 90 days early on. You know, due to COVID there was a lack of confidence in the market. And things just kind of stood still, more, less for a period of time. And then it was almost like a light switch. At the end of that time, it was extremely busy. The last quarter for us was very strong and again I think it that’ll probably roll into 2021 as well,” said Justin Kite, retail specialist for Coldwell Banker Commercial.

There will be many new businesses coming to Soncy road that will bring many construction opportunities like Panera Bread, Jimmy’s Egg, Firehouse Subs, Brahms, Five Below, O’Reilly’s, Northern Tool, Boot Barn and more.

“We’ve rebuilt most of the vacant space and as a result we’ve leased up most of the vacant space. So, the building occupancy is roughly 85 percent right now with a lot of activity just right now. And I expect that occupancy percentage to go up you know, a few more points. It takes a pretty big lease to make, to get a percentage point in this building. But we have several leases out, I signed a couple of them yesterday. So, activity is very good,” said Emerson.

This content was originally published here.

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