The evidence is clear. The latest economic report released last week confirmed the worst U.S. recession in decades did indeed end sometime in the middle of 2009, when the economic data began to improve.
With unemployment expected to remain high for some time, it’s likely to be a long slow climb out of the depths. But leading the way will be emerging, often smaller businesses with tremendous growth prospects. It’s precisely these types of companies that have lately been calling Fremont Business Park at Christy Street home.
Smaller Spaces the Hottest
Recently leasing activity at Christy Street has provided plenty of evidence.
“Most of the demand has been for new, smaller spaces that we have created out of larger spaces that just weren’t the right fit for the 2009-2010 leasing market,” said Ralph Borelli, Chairman of Borelli Investment Company, which is managing and marketing the complex. “The new tenants represent a broad cross-section of business sectors, but they are almost all emerging businesses with bright prospects for the future. This makes for a very dynamic environment within the complex.”
Three New Smaller Spaces Available
As part of a comprehensive $2 million renovation of the 120,000 square foot, three-building complex, a larger space in 42808 Christy was divided into spaces as small as 357 square feet, leasing for just $495/month. At that price — as you might imagine — the offices were quickly snapped up by emerging growth companies.
Other smaller offices that were created included a 567-square-foot office in 42501 Albrae Street — now leased — and an available 1,168-square-foot office in 42840 Christy with two private offices, an open reception area, coffee bar, and CAT5 wiring already in place. This is the last of the original set of small offices that is still available.
Now, Borelli is dividing another larger space into three more new smaller offices, and the demand for these offices is expected to be high. For complete details, brokers or business owners are encouraged to e-mail Anna Mcquillan Rose immediately, or call her at (408) 550-4826. DRE License #01368576.
Activity at the Complex Remains Brisk
Anna reports that the number of inquiries and requests for tours continues to increase — for both the smaller spaces and for the larger spaces that are ideal for companies taking the next step up.
She explained, “It’s just a very exciting business community at Christy Street. You can almost feel the energy. These businesses are built on great ideas, and the owners are excited about the future. The companies’ enthusiasm seems contagious — it creates a very positive place to work.”