A simple linear projection of two bays every 6 months suggests another 4 1/2 years until complete absorption of the space. I am more optimistic than that. We finally have some facts in which to cast a projection, altho I believe "rent up" will be achieved in about half of the linear projection. It should be better, but a review of commercial space rent up activity in Rowlett is not very strong.
There is commercial space available all over Rowlett, some of which has never been occupied. That is sad, but its the real world. On the other hand, Murphy, Wylie, Sachse, and Rockwall are going nuts with development. Don't take my word for it. Go look.
Now, with the "soft" demand for commercial space in Rowlett (for whatever reason), I have a hard time accepting the glowing projections of our consultants that within three years the commercial real estate market in Northshore will begin to blossom. I don't see evidence of that. So, it seems incredibly bizarre that nearly all development in Northshore is blocked for the ultimate use of commercial only. There will be some commercial development relatively soon in Northshore, but it will begin at the intersections of the tollway and Liberty Grove and Merritt Road. As one goes "inland" from the corners, there's a whole lot of work that has to be done with land owners and engineering before major commercial development can be done. Huge topo problems.
Our tax base is just being pounded to dust..........and you will have to make up the "short fall" if we don't start developing something. Save your money. You're going to need it.