Q3 2017 Cite Partners Central Florida Office Market Report

Change – A Good Thing or A Bad Thing?…..Depends on Where You Sit

We have always been told that change is inevitable. The older I get, the truer that statement becomes. My firm, Cite Partners, has relocated our office to a new location at 100 East Pine Street. This change of address, for us, also brings with it a change of how our office operates. Like many companies, we have designed our new office in an open-concept. One that allows our teams to better function as a team; a layout that allows us to collaborate wholly as an office; and a layout that paves the way into the next chapter of our company’s history, full steam ahead.

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Q3 2017 Central Florida Office Market Report

 

Q2 2017 Cite Partners Central Florida Office Market Report

Where Have the Office Deals Gone?

A quick look at the trends of the 2nd quarter of 2017 and there is something that jumps out at you.  The two major submarkets north of Downtown Orlando, namely Maitland Center and Lake Mary, both show some very strong numbers.

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Cite Partners Office Market Report 2017-Q2

Two New Tenants Sign Leases at Bent Oak Industrial Park

Vital Record Control of Florida and Rhino Tire USA became the newest tenants at Bent Oak Industrial Park when they recently signed leases for 60,771 and 144,556 square feet, respectively.  Vital Record Control will be in Building 300, and Rhino Tire will be joining Lasco Fittings and Toyota Motor Sales in Building 100.  The CFI Team of Cite Partners represented the Landlord, McCraney Property Company.

Since being awarded the Bent Oak leasing assignment, Cite Partners has leased over 1.2 million square feet of industrial warehouse space at the park, which is currently 70.5% occupied.

Q1 2017 Cite Partners Central Florida Retail Investment Market Report

NATIONAL RETAIL OUTLOOK

With 2016 well behind us and 2017 fully underway, it’s almost disheartening to continue the discussions surrounding President Trump. However, Trump’s presidency will have a direct impact on commercial real estate. President Trump is placing a significant focus on making changes to fiscal, trade, regulatory, and diplomatic policy with his economic plan; however, the details are still unknown. It will take a long time before we fully understand how the Trump Administration’s policies will impact the economy and the real estate market. As we have seen in past elections, it will be extremely difficult for Trump to realize any significant progress in his first year in office.

 

To view the Central Florida Retail Investment Market Report in its entirety, please click below:

Cite Partners Retail Investment Market Report 2017-Q1