Empty Space and Lease Rates in Thurston County

Leasing is a tricky deal. Landlords need to keep their rates at a level pursuant to the value at which the building was purchased. But tenants need to keep their rates at a level with the income of their business. When these two goals are at odds, the result is generally empty space.

This year, I am counseling my landlords to review their rates, think about what they can live with that will make their properties the most attractive in the market. The number of "for lease" signs around town is not a mirage. We have a glut of empty space. It used to be just office space, but now I'm seeing more and more retail space as well. Warehouse space is leasing, but mainly just the smaller spaces. We have a huge amount of large empty warehouses out there as well.

If you want your space to float to the top, ask me what it will take... I am more than happy to sit down with you and go over your leasing plan. Each space is individual, each location special, leasing is not a one size fits all marketing effort. So tailor your property appropriately, and you can attract those few tenants floating around looking for your space.