View More View Less
Nov 10, 2020Noticeable Demand Returning
After three consecutive quarters of negative absorption, the Central Florida retail market bounced back. The start of the third quarter of 2020 nearly paralleled the activity experienced during the second quarter, with retailers remaining hesitant to reopen, minimal tours or sales occurring and consumers weary of the unknown climate created by the pandemic. As COVID 19 related government restrictions began to ease, a noticeable acceleration of activity, by tenants and investors, shined through as the quarter progressed.Read More
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
How can I help you?
An unexpected error has occurred. Please try again.
Your request has been submitted.
Someone will contact you shortly.