Some of the best cities for commercial property actually belong to states that depend on the shipping industry. Cities like Bellevue and Seattle, Washington are two of the best cities to do business. That’s why companies like Costco and Amazon have kept their headquarters in Washington state. Businessmen like Howard Schultz love everyone who shakes and shakes Seattle while sipping their coffee on the go. People can spend more on coffee and items they want because there is also no personal income tax in Washington state.
Obviously, the best places for commercial property would be cities with a lot of population growth, and most of that growth is coming from people with a lot of disposable income. Cities like Alexandria, Arlington, and Fairfax in Northern Virginia continue to expand. Many of these people have come from Maryland to work for a technology, pharmaceutical or government company in Washington DC and have a lot of money to spend. If someone has the resources to launch a business there, opening a deli or quick sandwich shop where you can get a lot of these commuters on the go to work could be a very lucrative idea.
Setting up a business like a retirement home in states like Texas or Florida may not be a bad decision. You also have a wide range of candidates to choose from in the workforces of these two states. Another advantage of setting up these types of businesses is that Florida and Texas do not tax retirement income. Obviously, this already attracts many older people to cities like Boca Raton, Palm Beach, or Galveston and Forth Worth, respectively.
Cities like Tucson and Phoenix will continue to thrive thanks to their passionate sports fan base. Many people love to shop or eat before the game to cheer on their Arizona Wildcats and beloved Phoenix Suns. It all boils down to the fact that commercial property taxes have to remain in the hands of a growth-minded assessor and the mayor since commercial property taxes are assessed locally.
One of the best cities in the state of Alabama to do business is the city of Montgomery. A tax package was recently passed in the city that allowed companies like Wal-Mart to enter the city and create a lot of local commerce around it. If you can set up shop near a Wal-Mart and offer service that is below average, the benefits can be tremendous. The formula is simple if you keep property taxes low in cities, businesses will come there and people will have money to buy items. In any case, cities like Montgomery rely on sales tax and tourism, like the city zoo, for most of their revenue.
Kids love the zoo, so it might not be a bad idea to set up a toy store or some kind of food and drink stand nearby if you can get permission. That is the most important thing when it comes to commercial properties. Set up a store as close to people as possible and offer an affordable product; the rest must take care of itself.