Commercial real estate brokers say Greenville not growing fast enough

GREENVILLE, N.C. (WNCT) –  A prominent commercial real estate broker in Greenville said he and other brokers are struggling to get new retail and office space into the city.

Michael Overton of The Overton Group attributes it, in part, to companies not investing in high-paying jobs within the city which lead to increased demand for new retail and restaurants.

He said the city’s at a disadvantage because it hasn’t filled its vacant economic development manager position since April when Carl Rees left to join ElectriCities.

“You’re competing against cities that have aggressive economic development departments, then you’ve got to have that and more,” Overton said. “That’s one of the important reasons we’ve got to have that to stand out.”

Assistant city manager Merrill Flood said he’s interviewing candidates and expects the city to hire someone in the next several weeks.

He maintained the city’s growing, and companies, like the grocery store Publix, are interested in the area.

“I think there’s been a healthy sort of uptick in the amount of reinvestment into existing commercial properties,” Flood said. “I think you’re seeing that all around town, particularly in the Memorial Drive corridor and others.”

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