Polk County Commercial Real Estate Market Report Released for Q3 2018

Industry: Real Estate

Coldwell Banker Commercial Saunders Ralston Dantzler Realty Reports Quarterly On Industrial, Office, Retail and Multi-Family Property Values

Lakeland, FL (PRUnderground) February 11th, 2019

Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) released a market report on qualified sales data for the third quarter of 2018. The report provides a comprehensive look at commercial real estate values in Polk County and covers the industrial, office, retail and multi-family property sectors.

The publication includes a list of the Top 10 sales from the quarter overall and by sector. Some highlights from this issue are:

OFFICE MARKET: One trend to observe in 2019 is the re-emergence of executive suites. New projects are opening across Polk County, including one in the Dixieland neighborhood of Lakeland that charges more than $1,000 per month for a minimalist, private office with exquisite common area amenities.

INDUSTRIAL MARKET: In the third quarter of 2018, there continued to be a  significant increase in the demand and purchase of industrial buildings and industrial-zoned land in the Polk County area. Owners and users of industrial land want to be located near and adjacent to the I -4 corridor. They are especially attracted to sites that have ease of access to I -4.

RETAIL MARKET: National retail sales, as well as Florida retail sales, are growing by almost 5%. Retail sales in Florida are bolstered by Florida visitors as tourism is at record levels and is expected to increase nearly 7%.

MULTI-FAMILY MARKET: Right now we are in our eighth consecutive year of positive news in the Multi-Family sector. This is evidenced by a 31% rise in apartment rents across the nation since January of 2011, as recently reported by Yardi-Matrix.

To download a copy of the CBCSRD Market Report, visit srdcommercial.com/marketreport.

About SVN | Saunders Ralston Dantzler Real Estate

SVN | Saunders Ralston Dantzler Real Estate is a full-service land and commercial real estate brokerage with over $3.1 billion in transactions representing buyers, sellers, investors, institutions, and landowners since 1996. We are recognized nationally as an authority on all types of land, including agriculture, ranch, recreation, residential development, and international properties. Our commercial real estate services include marketing, property management, leasing and tenant representation, valuation, business brokerage, and advisory and counseling services for office, retail, industrial, and multifamily properties. Our firm also features an auction company, forestry division, international partnerships, hunting lease management, and extensive expertise in conservation easements. Located at the center of Florida’s I-4 corridor, we provide proven leadership and collaborative expertise backed by the strength of the SVN® global platform. To learn more, visit SVNsaunders.com.

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Name
Heather Celoria
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863-272-7151
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