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w w w . i n s i g h t o n b u s i n e s s . c o m S e p t e m b e r 2 0 14 • I NSIGH T | 29 I N S I G H T O N COMMERCIAL REAL ESTATE B y M a r y B e t h M a t z e k T he adage "location, location, location" definitely rings true these days when it comes to commercial real estate. Depending on the sector and where you're located, there may be plenty of space available, or little to be had. For example, businesses looking for Class A office space in downtown Appleton have few options available, while in other locations, such as Green Bay, Oshkosh and Fond du Lac, the space is plentiful. "e vacancies for commercial areas open. While West Business Services announced in July it would lease a portion of Associated Bank's former corporate headquarters in Ashwaubenon, the rest of that building remains vacant. In Fond du Lac and Oshkosh, a lot of office space is on the market, says Tom Ackerman of ZA Commercial Real Estate in Fond du Lac. However, if owners are willing to drop their price-per-square-foot by a few dollars, they're more likely to find tenants. "If you have space for Variable vacancies Markets, business sectors play integral role in available space office space are 10 to 15 percent, and if you are looking downtown, it's even lower," says Mike Pfefferle, president of Newmark Grubb Pfefferle, which has locations in Appleton, Green Bay, Wausau and Madison. "e market is extremely strong now for office space, which is great news. Some areas, such as Green Bay, have a lot available." In Green Bay, businesses moving downtown to a new building (such as Schreiber Foods) or refurbished space (for example, Associated Bank) have le office space in other [continued] »