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.<\/p>\n
With unemployment expected to remain high for some time, it\u2019s 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\u2019s precisely these types of companies that have lately been calling Fremont Business Park at Christy Street home.<\/p>\n
Smaller Spaces the Hottest<\/strong> \u201cMost of the demand has been for new, smaller spaces that we have created out of larger spaces that just weren\u2019t the right fit for the 2009-2010 leasing market,\u201d said Ralph Borelli, Chairman of Borelli Investment Company, which is managing and marketing the complex. \u201cThe 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.\u201d<\/p>\n Three New Smaller Spaces Available<\/strong> Other smaller offices that were created included a 567-square-foot office in 42501 Albrae Street \u2014 now leased \u2014 and an available 1,168-square-foot office in 42840 Christy with two<\/em> private offices, an open reception area, coffee bar, and CAT5 wiring already in place. This is the last<\/strong> of the original set of small offices that is still available.<\/p>\n
\nRecently leasing activity at Christy Street has provided plenty of evidence.<\/p>\n
\nAs 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 \u2014 as you might imagine \u2014 the offices were quickly snapped up by emerging growth companies.<\/p>\n