MYRTLE BEACH, SC (WMBF)- There are signs pointing towards an economic recovery, but one section of the economy is still struggling to catch up. Real estate experts said that is why there are so many empty office buildings around town with "for rent or lease" signs hanging on the door.
Blake Sloan with Sloan Realty Group, said small business owners just do not have confidence to expand to bigger buildings in this economy.
"Business owners are hesitant to grow or expand and invest with so much uncertainty with the economy," Sloan said. "So they're just sitting in silence to see what is going to happen."
Sloan said a main reason offices remain vacant is that the building's managers price themselves too high for buyers.
"The economy is down, confidence is down, but obviously vacancies are up," Sloan added.
Some buildings remain vacant for years, Sloan said.
"A lot of people don't actually reduce price here in our local market and we noticed that a lot of these buildings may sit vacant for two or three or four years," Sloan said. "They are not making the proper adjustments to come down and meet that demand for some of those small business owners."
Sloan said some other factors that are keeping business owners from expanding include concerns over how much they will have to pay for their employee's health care and just the overall economy as a whole.
Tuesday, May 21 2013 11:55 AM EDT2013-05-21 15:55:53 GMT
LITTLE RIVER, SC (WMBF) – A North Myrtle Beach man is in jail after he allegedly shot and killed a woman, then called 911 and waited for law enforcement to arrive, police officials state. At about 12:30More >>
A North Myrtle Beach man is in jail after he allegedly shot and killed a woman, then called 911 and waited for law enforcement to arrive, police officials state.More >>
A fourth-grader at a school that took a direct hit from Monday's deadly tornado in Moore, Okla., described the heroic actions of a teacher who saved his life and others by covering several students with her body to shield them from the storm.More >>
Tuesday, May 21 2013 10:36 AM EDT2013-05-21 14:36:49 GMT
(RNN) – A day after long track tornadoes devastated Shawnee and Edmond, OK, another round has begun near Oklahoma City.KOCO broadcast a slow rotating cloud that slowly extended down towards the groundMore >>
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Tuesday, May 21 2013 8:06 AM EDT2013-05-21 12:06:57 GMT
South Carolina State Senate Chamber. Source: Billy Hathorn via Wikimedia Commons
COLUMBIA, S.C. (AP) - The budget debate in the South Carolina Senate enters week two. Senators are scheduled to resume discussions Tuesday on their state spending plan for the fiscal year that startsMore >>
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Tuesday, May 21 2013 7:54 AM EDT2013-05-21 11:54:51 GMT
HORRY COUNTY, SC (WMBF) – On Tuesday, the Horry County Council will discuss a deal that could bring a number of jobs to the area. The project is dubbed Project Valentine because it is still in-the-works,More >>
On Tuesday, the Horry County Council will discuss a deal that could bring a lot of jobs to the area.More >>
Tuesday, May 21 2013 7:07 AM EDT2013-05-21 11:07:18 GMT
MYRTLE BEACH, SC (WMBF) - The mild and muggy weather sticks around once again today, says WMBF News Meteorologist Marla Branson. We'll have enough humidity to spark some scattered showers and storms onceMore >>
The mild and muggy weather sticks around once again today, says WMBF News Meteorologist Marla Branson.More >>
Tuesday, May 21 2013 12:10 AM EDT2013-05-21 04:10:22 GMT
MULLINS, SC (WMBF) - A teen boy is facing charges for an attempted kidnapping that seems ripped straight from the scripts of a film. The alleged crime was reported to police on Friday, May 17 from theMore >>
A teen boy is facing charges for an attempted kidnapping that seems ripped straight from the scripts of a film.More >>
Tuesday, May 21 2013 12:02 AM EDT2013-05-21 04:02:36 GMT
A mechanical issue on a tanker truck has resulted in a fire on a truck carrying granulated ammonium nitrate at the intersection of S.C. Highway 39 and Rose Bud Lane in the Chappells section of NewberryMore >>
An evacuation order has been lifted after a truck carrying ammonium nitrate caught on fire in Chappells, according to Newberry County Sheriff's Office.