Mega Opportunities For Decorative Coatings Specialists

There was an article in the Wall Street Journal about the recent sale of the Cincinnati Mills mall in Ohio. The mall sold for the dirt cheap price of $20.00 per square foot. Compare that to nationwide average mall prices of over $130.00 per square foot. Thats a sale at 15 cents on the dollar.

I’ve been saying this for a while that retail centers are going to lose tenants and will be dumped on the market for sale. As retail properties are sold cheap the new investors will be able to rent space at very low rents. Investment returns for new buyers will be extraordinary. As more properties suffer the same fate as Cincinnati Mills property values will plummet as the new buyers court tenants at cheap prices to fill vancant space.

The positive result are new opportunities. Decorative coatings specialists (and all real estate professional like brokers, architects, general contractors) are going to be in huge demand. Demand for new floors will be in the 10’s of millions of square feet annually around the country. Flooring is a big issue. In most cases decorative concrete coatings are a perfect functional and aesthetic solution.

To keep an eye on this market Loop Net a commercial property listing service has lots of properties for sale nationwide. Get to know the brokers and tell them about your product and pricing. It might help them get a deal done and a new lead for you.

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