Empty offices and stores

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Jim W in Tampa

Jim W in Tampa

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Tampa Florida
I know things slowed down at least here.Saturday while on trip to sams i desided to look at how an office complex turned out behind it.Out of 24 duplex offices at least 10 were still vacant.We finished this project about 2 years ago.Seeing same thing with other small plazas.Is this just a Tampa issue or is it up north too.Thankfully i get to go back to work monday after 11 week layoff.
 
"Anyone forget your hat, booties and glooves" standard statement as the bus is ready to pull out ... !
 
People are scared to start buisnesses.Residential has almost stoped and foreclosures are higher than ever.The future for Tampa is not bright.Many trades people have left and gone to states that have work.I plan to retire within a year and am ok as my house is paid for and i own a private night club but if i depended on electrical work i would be thinking of moving.Insurance and taxes have gone crazy here after huricanes.
 
good ole days

good ole days

Jim W in Tampa said:
People are scared to start buisnesses.Residential has almost stoped and foreclosures are higher than ever.The future for Tampa is not bright.Many trades people have left and gone to states that have work.I plan to retire within a year and am ok as my house is paid for and i own a private night club but if i depended on electrical work i would be thinking of moving.Insurance and taxes have gone crazy here after huricanes.
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Jim, I am afraid that these times may be remembered as the good ole days.
 
i had a lot of family in tampa and my mother grew up there. most of them have left for small towns; some went to zephyrhills, and some went to orlando, which I don't think is much better but they do. they said it just wasn't a desirable place to be anymore for various reasons.
 
Jim W in Tampa said:
People are scared to start buisnesses.Residential has almost stoped and foreclosures are higher than ever.The future for Tampa is not bright.Many trades people have left and gone to states that have work.I plan to retire within a year and am ok as my house is paid for and i own a private night club but if i depended on electrical work i would be thinking of moving.Insurance and taxes have gone crazy here after huricanes.
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it is the nature of the construction business. you have to be willing to deal with the ups and downs, as well as the possibility you may have to go where the work is.

not a whole lot different than any other business.
 
Sure can?t tell there are any problems in my area of the country around north DFW metroplex. Housing construction has slowed from 15% growth per year to 5% but still good. But commercial and industrial is going full blast.

Appears companies are moving to the area taking advantage of the lower corporate taxes, infrastructure, and NO STATE or LOCAL INCOME TAX:grin:
 
It seems that some of the "land bankers" in my area are building like crazy now. If I were to guess, I might guess that they see a chance to score cheap labor in this current climate. This will change them from land bankers to "building bankers", and they might not necessarily care when they're fully occupied? I see some office and retail complexes get sold to REIT's soon after they're built so that might be what people are doing with them. Doesn't matter if they're occupied if you can sell it to a REIT pretty soon after it's done.
 
There are quite a few brand new offices/storefronts empty in my town. Almost all of them were built by the same company. I found it funny at the time that this company was able to get every piece of commercial property that went up for sale in the town I live in during the last real estate boom. Oh, did I mention our former mayor is now sitting in a Federal Prison? Now that company, most of the subs under them, and a few people on the town payroll are being investigated by the FBI too, I wonder if that is a coincidence??? :roll: Funny thing is I actually worked for the EC 10 years ago, it was my first job doing electric out of school....as young as I was I always knew something was fishy with them.....
 
Im going to Boca Grand in a few days for 10 days on thursday and its the same down there. I remember a few years back when they were litterally putting up a half dozen different condo complexes and now they are sitting there at mostly empty.
Man It really makes you wonder.......why would they think that all of a sudden there were going to be thousands of people converging on that area?

I remember thinking how the hell are they gonna fill those up? Now they cant even give them away now.
 
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