4C — July 25 - August 14, 2014 — Brokerage Directory — Mid Atlantic Real Estate Journal


B rokerage D irectory

By Ann Bailey, NAI Emory Hill Growing Sussex County market!


ne of the fastest grow- ing regions in the Mid- Atlantic is the Del-

region — more people of all ages are moving to our coastal area. New residential housing communities are cropping up and reports indicate that sales are doing quite well. We are also seeing more seasonal visi- tors. Of course, there are many attractions – quality of life, sea- side relaxation and recreation, low real estate taxes, afford- able living costs, and no sales tax. The east-west arterials on Rte. 9, Rte. 24 and Rte. 26 are also growing as the population further west continues to ex- pand. Those residents relocat- ing to communities in western Sussex County also visit the coast to enjoy entertainment, the beach, boardwalk and res- taurants. All of this growth, of course, has led to not only more north-south traffic on Rte. 1 posing challenges, hazards and

stress, especially from May until October, but increased traffic on Rte. 9, 24 and 26. DelDOT public transportation in all directions needs to be improved year round. One of the fastest growing segments of our market is of- fice space, both medical and professional. With the increase in aging population, we are see- ing renewed interest in medi- cal space to meet the growing medical practices in both the eastern and western portion of the county. Specialty medical practices as well as general practices are increasing. This has resulted in a slight increase in office rental rates and this trend will likely continue. Our growth has been spectacular but it needs to be thought out and managed so that our future continues to be bright! n

marva Pen- insula. More specifically, g r o w t h i n Coastal Sus- sex can only be described as stellar! We are experi- encing an in-

Ann Bailey

crease in demand for both high visibility retail and office space along the Rte. 1 corridor from Nassau to Dewey Beach and down through Bethany Beach and Fenwick Island. In town, Lewes, Rehoboth Beach and Dewey Beach have also seen an increased demand. We now have more national retailers than ever before — Chick-Fil- A, Starbucks, Chipotle, Panera

Rehoboth Medical Arts Building in Rehoboth Beach, DE – Condo- miniums for Sale or lease, ±25,000 s/f available; Suites from 1,200 s/f; Shell space ready for immediate construction; New completed sample suite available; Excellent parking and access; Located at 18947 John J Williams Hwy.

Bread – just to name a few! And we are underserved for enter- tainment venues. The Rte. 113 corridor and Rte. 13 corridor

are also growing with numerous new retail centers cropping up. This is all driven by the steady economic growth in the

We’ve Got Everything You Need

When it comes to finding space in Southern Delaware...

Nassau Commons, Lewes

Plantations Park, Rehoboth

Potts Welding, Seaford/Blades

SALE: 35,000 SF Ind. Bldg/4 Ac.

SALE: Zoned Medical Office

SALE: Price Reduced! $1.2 m

98 Central Ave., Ocean View

Vineyards at Nassau Valley

Bayshore Plaza, Millsboro

LEASE: 2,200-6,600 SF Avail.

LEASE: Office, Retail, Pad Sites

SALE: Commercial Bldg. & Lot

New Construction, Lewes

Mariner’s Plaza, Lewes

LEASE: Retail Space Avail.

LEASE: Class A Office Site

Contact Ann Bailey, CCIM: 215-292-6100 annbailey@emoryhill.com

18335 Coastal Highway • Lewes, DE 302.827.4940 • www.emoryhill.com

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