Home Economy Greater Newport faces ‘critical’ commercial real estate shortage as economy expands

Greater Newport faces ‘critical’ commercial real estate shortage as economy expands

GREATER NEWPORT COULD NEED NEARLY 1.5 MILLION SQUARE FEET of new commercial and flex space over the next decade to accommodate projected job growth, according to a new study commissioned by the Greater Newport Chamber of Commerce./COURTESY INNOVATE NEWPORT

NEWPORT – Greater Newport could need nearly 1.5 million square feet of new commercial and flex space over the next decade to accommodate projected job growth, according to a new study. The report by Fourth Economy Consulting, commissioned by the Greater Newport Chamber of Commerce, projects that the regional economy will add nearly 1,700 jobs

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