Recently there was a report that was released that showed that the vacancy rate for commercial properties in Burlington and other suburbs has soared over the past year. This could have a negative effect on new and resale Burlington condominiums and the residential real estate market as a whole. If the commercial spaces continue to be empty it is also a sign that jobs in the area are low. This usually causes people to look elsewhere for a job and with the trend for shorting commuting times hat will continue to increase people will also look homes that are closer to these new jobs. But it is not all bad news since with the right tax incentives businesses can be lured back to the Burlington in the near future.
Commercial Vacany Rates Could Be Bad News For Burlingtom Condominiums
September 23rd, 2009 | Home