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The PSF Blog

The Per Square Foot Blog serves as your guide to commercial real estate along the Gulf Coast, powered by NAI Mobile, your local experts in CRE.

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Downtown Living in Mobile Heating Up!

With the slow but consistent growth of Mobile’s economy, the downtown area has seen a shift in demand for apartments. Unlike larger cities, Mobilians have preferred houses over apartment style living, but over the past few years Mobile has begun to attract a young business professional demographic. This younger demographic has also brought a demand for more streamlined living spaces. There are several new and exciting projects currently leasing in Downtown Mobile! Listed below are Mobile’s new apartments and townhouses that are sure to catch the attention of any prospective resident. Merchants Plaza, a 120-year-old, 225,000-square-foot, five-building, mixed-used skyscraper located at 56 St.

Companies and Individuals Step-up in a Big Way to Aid in Coronavirus Relief Efforts

During World War II companies such as Ford Motor Company shifted their focus to make thousands of planes and tanks to assist the United States government in their war effort. Homeland production of artillery as well as the civilian rationing became invaluable to the United States’ success. Today, the country is faced with different dilemmas in the face of Covid-19. However, we can look to the past and recognize that a united effort is still the only way to secure a future in which the country’s citizens and businesses remain intact. Over the past several weeks, many notable large corporations have chosen to make an impact— in an effort to aid in the fight against the spread of the virus and

How is the Coronavirus impacting the CRE industry?

On March 30th The Washington Post reported that The National Association of Realtors believes that 2020 will see an estimated 10 percent reduction in sales. However, this number could potentially be higher depending on how hard the economy is hit by the coronavirus outbreak, how long the shutdown will last and whether people can recover from the pause in their employment. The restaurant and service industries are expected to take the largest hit and many will not be able to get back on their feet. As of now there is still hope, as commercial real estate has not completely stopped. Many deals that were in the works before the outbreak are still active. Businesses that are on a tight time sche

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