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Market Overviews ICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania Idea Exchange August 2013...
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Transcript of Market Overviews ICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania Idea Exchange August 2013...
Market OverviewsICSC 2013 Ohio/West Virginia/Indiana/Western Pennsylvania
Idea Exchange
August 2013
Presented By: Bob Gold
Vice President, CBRE
Market Fast Facts• Population – 1,855,364• Growing Areas
• Morgantown, Bridgeport, Clarksburg, Charleston
• Major Employers• Wal Mart, West Virginia United Health
System, Charleston Area Medical Center, Kroger, Consolidation Coal Company, Mylan Pharmaceuticals, Inc.
• Regional Draws• West Virginia University
Robert Gold, CBREVice President412 316 [email protected]
West Virginia
West Virginia’s 10 Largest Sub-Markets
Huntington (WV), Ashland
(KY)
Charleston
Parkersburg (WV)Marietta (OH)
MorgantownMartinsburg
Wheeling (WV), St
Clairsville (OH)
Beckley
Bluefield
FairmontClarksburg/Bridgeport
WV Market DevelopmentNew Projects Statewide
• The Gateway / Morgantown• UTC Phase II / Morgantown• Suncrest Towne Ctr II / Morgantown• Plaza at Morgantown Mall /
Morgantown• White Oaks / Clarksburg - Bridgeport• Clarksburg 50 Commons / Clarksburg• Newpointe Development / Clarksburg• Cabela’s / Charleston• Plaza at Grand Central Mall / Vienna• Martinsburg Mall / Martinsburg• Lowe’s Plaza / Buckhannon
WV University
New Business Park Development
Proposed Interchange
The Gateway
University Towne Centre
UTCPhase II
Morgantown
• New Interchange Planned for 2015
• Baseball Park
• Retail Pads Available
• Business Park
• University Towne Centre Phase II
• Morgantown Mall Pad Development
Regional Malls are re-TenantingHigh Investment Activity – National Investors Discovering WVSmart Development • Pre-Leasing• Smaller ProjectsLow Vacancy• High Demand• Higher Land & Development CostsMarcellus Shale Fueling Retail, Restaurant Sales & Hotel Expansion
Summary