State of the Market Report for Sarasota, Manatee, and Charlotte Counties.
The tri-county area commercial market posted strong market fundamentals during the fourth quarter of 2020 for all property types. Looking back at the year and similar to 2018 and 2019, the largest commercial sales in the market involved multifamily properties.
Although office tenants are evaluating what their mid- to long-term office footprint will look like in the future, overall office rents increased throughout the year. With the growth of consumer online shopping, industrial/ flex tenants are continuing to increase their warehouse/distribution space.
The retail market will continue to be supported by residential development. As we move into 2021, the continued expansion of the area driven by the steady population growth will see an influx of commercial real estate activity. Click here to read on and discover more of the latest in the region’s commercial real estate market.
MSC Commercial is committed to the goals of our clients and those of the commercial real estate industry. We will continue to monitor market movements as this situation evolves.
For questions concerning your specific sector or business, please reach out to Eric Massey today at 941-809-6351.
Through MSC Commercial, you can manage your property with absolute confidence.
Our expert resources give you and your property the advantage.
With leasing and management services provided by MS&C Commercial Property Management, you are assured a seamless process focusing heavily on tenant retention and aggressive marketing of vacant space. We utilize a variety of resources to retain your current tenants, fill vacant space and keep your properties operating in the black.
- Comprehensive sales and leasing program
- Active property feed to the most prominent search engines
- Experienced agents negotiating your sale or lease
- Monthly prospect and marketing reports
- Connect today and I will be glad to point you in the right direction