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 Coldwell Banker Commercial Saunders Ralston Dantzler
Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located at the center of Florida’s I-4 corridor. With intimate knowledge of local markets, a recognized national brand and global reach through Coldwell Banker Commercial offices worldwide, CBCSRD offers proven leadership and collaborative expertise. Founded by three highly-recognized CCIM-designated Florida brokers, the company brings together experts in all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com.