Harrisonburg Area Commercial Real Estate Market Overview

  Ribbon Cutting at the Harrisonburg Ice House

Local commercial real estate agents indicate that the Harrisonburg area market performed well in 2014....

"It was a pretty good year," said David Lee of Lee and Associates. "We had nice, stable, slow, steady growth, which is what you like to see."

Tim Reamer, an agent for Cottonwood Commercial, said 2014 "played out as very sustainable growth."

Mike Hendricksen, chief operating officer of Matchbox Realty and Management Services, said the year was good from both a leasing and sales perspective.

....and they expect even better results in 2015....

"We are finally at a point where investors and tenants are comfortable taking some calculated risk. ... We haven't had a lot of ground-up development in quite some time," Reamer said, "but we seem to be poised for that in 2015 and I think that will be the dominant storyline of this upcoming year."

Read more in this week's article in the Daily News Record....

A Solid Base To Build On
By Vic Bradshaw