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2018 Q2 MARKET REPORT EXCERPTS:
OFFICE MARKET: According to REIS, updated buildings with effective ages of 2000 or newer are getting a nearly 30% premium on rent. Landlords that are willing to spend some money will be rewarded for their investment.
INDUSTRIAL MARKET: Our market is steady right now with large transactions. With small businesses expanding, smaller properties are getting top dollar as well. So if you are on the sidelines, you may want to think about adding an industrial property or two to your portfolio.
RETAIL MARKET: Lakeland-Winter Haven retail sales, like Florida, remain strong. Retail real estate is almost 33 million SF and 2017 retail sales are estimated to be more than $7.5 billion.
MULTI-FAMILY MARKET: Both Orlando and Tampa continue to be in the top four cities across the entire U.S. in year-over-year rent growth, with Orlando coming in at number one and Tampa a very respectable number four.
Please note that there is a considerable delay between close of quarter and when the data included in this report becomes available. This is our most recent quarterly report.