Thursday, December 31, 2009

RAMSEY - Town Center office vacancy, $19-20 per sq.ft. per year; 30% vacancy.

It is the office plaza diagonally across Sunwood Blvd. from City Hall; and part of that building is owner occupied.

This link, for any interested renter or reader.

It showed up on a Google Alert = Ramsey Town Center

I have no idea of whether the vacancy level and desired rent are above or below market, and would not speculate. Commercial real estate is not prospering now, and the bubble there has trailed that of housing.

I believe the City has data on other commercial vacancy opportunities; Sean Sullivan, Economic Development Coordinator for Ramsey, being probably the most appropriate city staff contact person, this link.

Sean Sullivan
Economic Development Coordinator
7550 Sunwood Drive NW
Ramsey, MN 55303
(763) 433-9829
ssullivan@ci.ramsey.mn.us