Senior Client Services Specialist
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Nov 7, 2019Market Steady as Tenants, Landlords Position for Long-Term Success
The retail market throughout Central Florida continued to charge forward through the third quarter with little signs of slowing down. Demand in core areas, as well as tertiary areas like Deltona, Daytona, Reunion and others, remained robust as tenants focused on their expansion plans in one of the hottest markets across the country. In one of the longest streaks of continuous growth, the Central Florida market ended the third quarter at a vacancy level of 5.5%, marking its 8th consecutive quarter of sub-6% vacancy.Read More
Aug 6, 2019Investors, Tenants Thrive as Orlando Continues to Expand and Mature
Central Florida’s retail market remains red hot with positive metrics that surpass even Orlando’s industrial market at just 5.3% vacancy. Asking rental rates have notably increased from their previous highs, falling anywhere between the low teens for average space and well into $50 PSF in top retail corridors. Many of Orlando’s tertiary markets have increased in tenant demand as arterial roadways are improved or expanded.Read More
May 31, 2019Business Thrives as Tight Labor Market, Operating Expenses Squeeze Tenants
Central Florida’s retail market continued to fire on all cylinders through the first quarter of 2019. Average asking rental rates have escalated past all-time highs to $17.72 PSF (NNN)— a growth of more than 13% over a two-year period.Read More
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