Home | Business News | Browse by Publication | M | Mississippi Business Journal

Solid, steady commercial activity reported around state.

Article Excerpt
You hear so much about the housing slump that it may come as a surprise that commercial real estate activity in the state continues to be strong and healthy.

"We are doing real well," said Duke Loden, director-broker, Century Commercial Real Estate Services, Tupelo. "We have been very fortunate on the commercial end that the recession in the housing market has not really slowed us down, primarily because of Toyota and the excitement about it. We have had a lot of suppliers and wholesalers who have come to town."

Some new retail is under development in the area, probably linked to optimism that sales will pick up when the Toyota plant and related suppliers that are locating in area get up and running.

"We're been fortunate to have had that," Loden said. "Had we not, we might haye been pretty slow, too. There has been a good bit of activity and a good bit of optimism. Several things are underway around the Barnes Crossing mall and there are new restaurants including one in the Fairpark District downtown and one at Crosstown--the highest traffic count corner in town."

Loden said 2007 wasn't a record for him, but it...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!