Chamber of Commerce Receives Positive Report on Commercial Real Estate

April 24, 2013

A report on the health of the commercial real estate market in Charlottesville shows positive signs for the city.

Commercial real estate firm CB Richard Ellis (CBRE) Charlottesville presented their findings to the Charlottesville Chamber of Commerce on Wednesday.
Their findings indicate the Charlottesville area to be "stable", thanks to lower-than-average unemployment and business vacancy rates.

"The takeaway really is that we live in a very vibrant business community," said Carolyn Shears with CBRE Charlottesville. "We have companies being born every day growing up here in Charlottesville and our goal is to keep those companies."

The report says demand for commercial space is particularly strong downtown.

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