The city of New Brighton continues to work with Ryan Companies and Colliers International on marketing efforts for commercial uses within New Brighton Exchange.
Both Ryan and Colliers report that the market is improving, but the demand for additional office/commercial space is still soft. The biggest drivers are relatively high vacancy rates for existing space (which needs to be absorbed by the market) and an improving economy that generates more jobs – companies need to start hiring again. Some experts believe that the first major signs of movement in both of these areas could occur this year.
Both Ryan and Colliers continue to market New Brighton Exchange on their websites, in addition to the New Brighton Exchange website.
Colliers has also prepared an eBrochure that promotes New Brighton Exchange. Ryan Companies prepared a 3D video illustrating how development might look.
This update is courtesy of the city of New Brighton.