Pinnacle Area Still Growing
New Construction Draws More People
Posted: February 11, 2013 at 5 a.m.
Construction continues Friday on Bliss Cupcake Cafe on Promenade Boulevard in Rogers. More than half of new commercial construction in Rogers last year occurred in the Pinnacle area.
New stores and amenities are helping the Pinnacle Hills area become a self-sustaining community.
At A Glance
Available Space
There is nearly 2 million square feet of office space in Rogers, said Tom Reed, a partner in Streetsmart Data Services. That includes Class A and B space and does not include strip malls or owner-occupied space.
Class A retail sites are the newest, in the best locations and demand the highest prices.
Reed said the city’s office vacancy rate for Class A properties is almost 13.5 percent; Class B is over 25 percent.
Rogers has 2.25 million square feet of Class A and B retail space.
Reed said the vacancy rate of Class A is just over 6 percent. Much of the city’s Class A retail space is in Pinnacle Hills.
Class B retail vacancy rate is between 16 and 17 percent.
He said there is 475,000 square feet of strip center space in Rogers.
Source: Staff Report
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Comments
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Now if they would just complete the road from Lowe's to Sam's Club to make the entire area easier to maneuver Rogers and Bentonville need to work together to complete that road as it would open up more space for business and tax revenue for both cities!
Posted by: dridenoure
February 11, 2013 at 5:15 p.m. ( permalink | suggest removal )
"Growth for the sake of growth is the idealolgy of a cancer cell."---Edward Abbey
Posted by: Moneymyst
February 11, 2013 at 5:54 p.m. ( permalink | suggest removal )
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