Destination for Businesses in the Metro Area: The Havana Business Improvement District – On Havana Street continues to be a business destination and has remained leased during the pandemic. The District did see about 20 closures or relocations, but a majority of the closures or relocations were released within 3-6 months.
In 2008, our properties were at 91% occupancy and we maintained a high occupancy rate over the decade. As of November 2020, the District is at 94% occupancy with 80% of the retail centers at 90-100% leased. In 2019, the District was at 97% occupancy and the decrease is due to the $14.5M redevelopment at Village on the Park. Over 19,000 sq. ft. were added in 2020 and this has been included in the occupancy report, resulting in the slight decline in our occupancy rate.
On Havana Street is home to over 400 small businesses. Approximately 80% of the businesses On Havana Street are small, local, and independently owned businesses. We welcome more businesses to join our special district corridor; however, space is limited. If you would like to open a retail location in the On Havana Street business district, you will need to act fast.
There are 29 vacant shops remaining to lease. There are five large retail spaces that are available for leasing. Other vacancies for smaller retail spaces include:
Despite the challenges presented by the Covid-19 pandemic, we have received a lot of requests for businesses to relocate to Havana Street. This is an exciting time to join our community.
Please visit our View Available Properties Listings page here if you would like to take a tour of the open retail spaces available.
We look forward to having your business join our special business district On Havana Street.