In conjunction with what some may consider a shaky economy over the past year, Fort Wayne area builders and commercial real estate professionals have seen a similar trend in industry activity. According to the Community Research Institute at Indiana University-Purdue University at Fort Wayne, data received monthly relating to the value of new commercial permits is considered "volatile," and is smoothed by calculating a 12-month average.
This method helps to identify underlying trends. The dollar value of commercial construction in Allen County was estimated at about $25 million at the end of 2001, failing throughout 2002 to around the $15 million mark.
Similarly, local data documenting commercial construction permits (based on dollar value) shows a decrease since 2001, from approximately $18 million to $13 million.
Fort Wayne data also seems to have followed a somewhat erratic pattern, with slow growth between 1995 and 1999, followed by a dramatic surge in mid-1999, which then gave way to a sudden decline in early- to mid-2001.
Most area professionals in commercial real estate, however, including the ones you'll read about in the following pages, remain optimistic that factors like historically low interest rates will help to boost spending in the commercial real estate and construction sector. A spike in spending in commercial real estate and construction, many believe, could be a crucial forerunner in a rebound in the overall economical picture in the U.S.
The companies featured here should certainly know about the future of the commercial real estate and construction field. From beginning to end, these businesses run the full spectrum of the commercial real estate experience, bringing a world of possibilities to life for any type of area business.
You'll read about VSI Mortgage Services Inc., who specializes in providing the crucial financing that brings dreams to fruition for those striving to succeed in the business world. VSI is adept at commercial financing for a wide variety of business facilities to a wealth of customers.
You'll also learn about solution-minded commercial builder Miller-Valentine Group, a leading company in its field. MVG has been called by countless area companies to provide the best in all types of commercial facilities.
Specialty contractors, such as Fort Wayne Roofing and Schmidt Electric, are also a crucial component in literally making a new commercial building physically outstanding outstanding from top to bottom, as well as inside and out.
Then you'll also get to read about Protechs, a company with the amazing ability to take commercial facilities damaged by water, fire or smoke, many times catastrophically, and make them look, feel and operate just like new again. With the character of companies in the commercial real estate and construction field that do business here in northeast Indiana, it's easy to understand how people can continue to be optimistic about the future. It's hard not to see how economy will get a boost soon, because services like these are always in demand.
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