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Aug 4, 2020Momentum & Activity Beginning to Return
The second quarter of 2020 began with an unprecedented pause in activity for the Orlando Retail market. Nearly every retailer, except those deemed essential during the COVID-19 pandemic, temporarily closed their doors either voluntarily or through government orders. Investors were pencils down and, lenders halted underwriting and decision making. Tenants interested in the market paused or delayed tours and, many properties were pulled off the market in a wait-and-see approach. However, as the quarter progressed, the retail market throughout greater Orlando began to thaw and, although many government orders and restrictions remain, pockets of activity began to come back to the market.Read More
Apr 30, 2020Challenges Ahead, Opportunities Will Arise
The first quarter of 2020 will forever be marked as one of the most dynamic quarters in history for the retail market throughout Central Florida. As the 2020 year began, activity throughout (sales, leasing, construction) remained brisk, with submarkets like the Tourist Corridor, Winter Park and Downtown experiencing increased demand and activity. The food and beverage segment of retail was the driving force behind much of the activity. Interest rates were at near all-time lows providing cost-effective financing to help bolster and carry on the 10-year record growth experienced throughout Orlando. Unemployment in the region, the lowest in recent history and well below the national average, was championed by many in the local market.Read More
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