It’s all about the company you keep
Commercial market prices are determined by a whole host of factors – the obvious ones, like buyer demand and the overall economy, and perhaps the less obvious ones, like institutional longevity in a given locale.
When Economic Development Organizations are looking to grow their local economy, it’s vital they look at all of the factors.
The anchor effect
Across the country, anchor stores often set the bar for drawing shoppers to a particular mall or shopping area. Big name stores with recognizable and favorable brands are good for commercial real estate agents, too. The positive association of being located near a favorable store creates a ripple effect for adjacent property sales as well.
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