Where to Grow Your Business
A location scout, in movie lingo, looks for suitable settings for filming. Instead of scouting movie locations, we scanned the Rockford area to highlight some of the excellent opportunities available for companies seeking to expand their operations or establish a presence in a new market.
The Rockford Area Economic Development Council (RAEDC) website maintains searchable inventories of commercial and industrial real estate in Winnebago and Boone counties listed by local real estate firms. Similar data can be found on area commercial/industrial brokerages’ websites.
The RAEDC’s inventory of available Sites lists 180 properties in the commercial, industrial, retail and office categories. Of these, five sites exceed 100 acres in size. The average lease price for commercial and office locations — the two biggest categories — is $6.8 per square foot.
In addition, a seperate inventory of Buildings (including structures present on various sites noted above) lists just over 400 buildings, mainly in the commercial category. The commercial space ranges in size from 553 square feet to 113,921 square feet and leases for an average of $11.65 per square foot. Industrial buildings range from 1,220 square feet to 364,784 square feet with an average lease price of $4.7 per square foot.
The Rockford area not only boasts an abundance of affordable land and buildings for commercial and industrial uses, it offers proximity to customers, accessibility to raw materials, a modern transportation infrastructure, skilled labor supply and reliable utility services.
Just as Rockford has more to entice new companies into the area and encourage existing companies to expand, DataCraft has the ideal business and accounting technology your company needs to thrive. Contact us for more info. You can download the RAEDC’s list of buildings for sale and lease.
