COMMERCIAL REAL ESTATE DEVELOPER
Commercial real estate developers oversee property investments that produce financial growth. Day-to-day duties may include overseeing the negotiations surrounding the sale and purchase of commercial real estate, its renovation, or the acquisition of land in order to build new property buildings. Much of their work is focused on long-term strategy of how to make commercial property more profitable. Considerations in decisions include taxes, area demographics and growth, existing property values, and even traffic patterns. For individual properties, commercial real estate developers manage leases for businesses to operate within owned buildings.
Lexington is a very unique real estate market in that many of the farms centrally located to the city have been placed in conservation easements that prohibit development for perpetuity. This puts considerable pressure on existing land as far as residential and commercial real estate development goes because availability of new land is very limited. There is also a vibrant amount of redevelopment and restoration in the older sections of town which is a welcome result of this shortage.
The Weesner Realty Group has relationships with the finest commercial real estate developers in our market. and we are active in the new construction market and are on top of the demographic and building trends in our area. If you are looking for information on new commercial developments, do not hesitate to give us a call.