TexasBred
Well-known member
HerefordSire":1y1fy7wr said:Lammie":1y1fy7wr said:What kills me is that there is all kinds of empty retail space around here and yet we continue to build more! Two new strip malls here in Alvarado, half of that space, or more, vacant, and more coming in. Why can't those retailers take old space and reuse it? It must be cheaper and you are still employing people to do the work. Not all space would be usable like that but it has to be better than another vacant strip mall. Go to all that retail area where Fort Worth and Burleson meet and there's a LOT of empty space there. More coming.
Same thing with houses. People don't want to buy existing housing, they want to move off and build a new McMansion.
What we consider as a decent standard of living is just out of control. When I think of new houses that were built when I was a kid, well, no one would live in most of them now because they don't have a media room.
I do. It's called a living room. There's a television in there. Knock yourself out.
Just guessing....usually, statistics and demographics are good reasons why some spaces are not reused. On top of that, Texas is one of the most financially healthy states (oil and gas) and has allot of open area being the second largest state in the country.
HS....Texas is better off than some others at least in the short run, but natural gas prices have tanked. highest price I got last month was $3.86 per thousand cubic feet. There is still a lot of contruction going on but occupancy rates in commercial properties are sliding yet as Lammie said, building continues. With current market conditions it might be a better investment to buy and build a new office than to lease an existing property. Regardless in the long run the effects of oversupply will be felt.