Mississippi Lease Agreements

Mississippi Commercial Real Estate Leasing

Mississippi made a decision in 1990 to legalize casino gambling along the Mississippi River and the Gulf Coast, which has led to economic gains for the state. However, an estimated $500,000 per day in tax revenue was lost following Hurricane Katrina's severe damage to several coastal casinos in August 2005. Gambling towns in Mississippi include the Gulf Coast towns of Bay Saint Louis, Gulfport and Biloxi, and the Mississippi River towns of Tunica, Greenville, Vicksburg and Natchez. Before Hurricane Katrina struck the Gulf Coast, Mississippi was the second largest gambling state in the Union, ahead of New Jersey and behind Nevada.

The majority of commercial real estate leases in Mississippi relate to office buildings, shopping centers, industrial properties, and other commercial real estate located in major cities in Mississippi, which include:

• Jackson
• Biloxi
  
• Greenville
  
• Meridian
  
• Tupelo, and
  
• Hattiesburg