The Trends in Commercial Real Estate


Most Florida markets are seeing a robust wave of office construction. “The commercial market has been strong both in Tampa and Orlando, even though the recent residential condo craze has driven up land costs for both office and industrial products,” says Jerry Shaw, senior vice president of Opus South in Tampa, which has two 103,000-sq.-ft. office buildings under construction in Florida, one in Tampa and one in Orlando.

Tere Blanca, senior managing director and south Florida branch manager of Cushman & Wakefield of Florida, expects that south Florida will see “a new supply of office product being delivered next year and that flow will continue through 2011.”

The high costs of land, labor and construction materials indicate that there’s little risk of an immediate oversupply of new office buildings. However, as of midyear, land prices appear to have flattened, and a number of parcels once designated for multifamily residential use are likely to be resold for commercial purposes.

by Lewis M. Goodkin, Floria Trend


Florida RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Florida Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Florida.


Previous articleExisting home sales down 19 percent in Palm Beach County
Next articleDeveloper active in Florida has a cash crunch