Crystal Lake, Cary Make Headway, Fill Vacant Retail Space
The current vacancy rate in Crystal Lake is at 8 percent while Cary has a vacancy rate of 9 percent.
Follow Crystal Lake-Cary Patch on Facebook - Sign up for the Free Patch Newsletter Slowly but surely, communities have been able to fill vacant retail space in the area. Crystal Lake added about 50 new businesses and 500 new jobs over the past two years, filling nearly 1 million square feet of empty retail space Michelle Rentzsch, the city’s director of planning and economic development, told the Northwest Herald. The Northwest Herald reports the following vacancy rates for area communities: When the economy was booming, vacancy rates were between 5 to 7 percent. Crystal Lake offers a variety of incentives to attract new businesses, including grant programs that "provide financial assistance to new Crystal Lake retailers who occupy …
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Tbone
1:42 pm on Tuesday, February 19, 2013
And I agree, great news, but it also makes me question, based on what I see, how many have closed up and lost jobs probably outweighs the good. more ›