Long Beach Releases a “Vacancy to Vibrancy” Real Estate Map
The City of Long Beach introduced an innovative interactive map for transforming vacancies into vibrant opportunities.
What You Need to Know
Long Beach has introduced the "Vacancy to Vibrancy" Real Estate Map, a new online tool to help businesses find available properties for lease or purchase throughout the city.
The platform will help local businesses by providing easy access to valuable information.
This not only includes commercial real estate listings, but more information on the 10 business improvement districts (BIDs) within Long Beach.
These BIDs are privately managed, publicly approved organizations that supplement public services. The City of Long Beach believes BIDs help strengthen small businesses, create jobs, improve quality of life, and revitalize commercial areas.
Long Beach BIDs are using this tool to help local businesses find spaces that fit their needs.
The map also works with other resources like the Small Business Insights tool, giving business owners more data to make smart decisions about where to grow.
Long Beach Mayor Rex Richardson says this “tool offers an innovative way to showcase the many great opportunities available for businesses across our vibrant and diverse neighborhood marketplaces.”
How it Impacts You
The "Vacancy to Vibrancy" Real Estate Map could have significant impacts on property managers in Long Beach and the broader real estate industry.
- Increased Demand for Commercial Space: The centralized tool will likely increase inquiries and interest, helping property managers fill vacancies faster and reduce turnover time.
- Streamlined Marketing Efforts: Property managers can use the platform to showcase spaces more efficiently, reach a wider audience, and reduce marketing costs.
- Collaboration with BIDs: Property managers can collaborate with BIDs to align their offerings with local business needs, boosting their spaces' appeal.
- Boost in Local Economic Growth: The map can attract businesses, boost economic development, raise property values, and encourage real estate investment.
- Better Market Insights: By integrating with other tools like Small Business Insights, real estate professionals gain key data to make informed investment decisions.
If successful, this tool could inspire other cities to adopt similar approaches to address vacancies and foster economic growth.
Like in Long Beach, property managers in other cities would benefit from more visibility for their spaces and quicker tenant acquisition.
Stay Connected
Stay connected with BOMA on the Frontline for more updates on tools available to use.
