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Vacancies

Wednesday, February 20, 2013

Kentlands Business: 44 Sports Location Negotiating With Potential Tenant, Oculus Realty To Main Street

Oculus Realty opens in the Kentlands and the vacant 44 Sports Bar and Grill location could soon be filled, The Town Courier reports.

Former 44 Sports Location Under Negotiation For New Tenant A search near-eight month search for a tenant for the former 44 Sports Bar and Grill space in Kentlands Market Square could be coming to a close this month, The Town Courier reported. A representative from Beatty Companies told The Town Courier that negotiations are underway with a potential tenant for the location, which has been vacant since the June 2012 closure of 44 Sports. Oculus Realty Moves Into Main Street Oculus Realty — a real estate company specializing in investment advising and real estate asset managing — has opened at 333 Main Street, The Town Courier reported. Owner David Meit, a Lakelands resident, said he had been looking for a new space for over a year when the …

JD

10:44 am on Thursday, February 21, 2013

I wonder if this new owner at the 44 location will provide terrible service, terrible food, dirty bathrooms, poor management and a strangely overpriced menu like the previous four owners! Sadly, they will, and they will be gone after a year. Lease too high + the false presumption that their clientele will spend $$ = prices too high = failure. A formula that has repeated itself in that location …   more ›

Thursday, January 10, 2013

Gaithersburg Business Property Vacancy Rates Lowest Since Recession

Gaithersburg Director of Economic Development Tom Lonergan said the commercial real estate vacancy percentage is down to 12.2 percent from a high of 19 percent in 2009.

Gaithersburg's commercial real estate vacancy rates reached a post-recession low in Q4 2012, the city's Director of Economic Development Tom Lonergan said at Monday's mayor and City Council meeting. Of the 163 class A and B office spaces housed within city limits — described by Lonergan as top and second tier facilities such as the Sodexo campus — 12.2 percent remain vacant, down from 19 percent at the peak of the recession. "We think that the city is continuing its appeal," Lonergan said. "We've made remarkable strides since we were at the depths of the recession in 2009." While the city is yet to approach the pre-recession low vacancy rates of 10.2 percent in Q1 2007, Gaithersburg's commercial real estate information analyst, CoStar …

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