While I can't say for sure with regards to residential construction, but the amount of NEW never leased business/retail space around here is staggering. I've seen several small to medium strip centers go up in the last five years just along routes I drive daily (or at least a few times a week) and much if it is sitting vacant having never had a tenant. Several have a single tenant with 3-7 empty bays.
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While I can't say for sure with regards to residential construction, but the amount of NEW never leased business/retail space around here is staggering. I've seen several small to medium strip centers go up in the last five years just along routes I drive daily (or at least a few times a week) and much if it is sitting vacant having never had a tenant. Several have a single tenant with 3-7 empty bays.