This publication includes a list of the Top 10 sales from the quarter overall and by sector. A review of the market shows that there is optimism about the national, state and local economy. Polk County is positioned well for growth in manufacturing and distribution, and Lakeland’s expected job growth will boost the multi-family sector’s rents and occupancy rates. Retail property sales in the county remain strong, while the office market is still in a slow recovery.
“Based on population and job growth trends,” said Gary Ralston, managing partner of CBCSRD. “We expect residential retail, commercial and warehouse real estate demand and prices to grow faster than office and general industrial.”