Forecast - Spring 2006

Where is the next opportunity in Sarasota real estate?  Residential demand has driven this recent and  huge real estate wave of appreciation.  Many commercial sites have overnight become high-valued residential sites and in reality many of the “mixed-use” developments are residential projects providing only modest amounts of retail and office.  Experts agree that residential values have reached a plateau.  So where is the next wave of appreciation?  Demand for commercial space is quick to follow  this abundance of new residential.  Expect commercial rental rates to increase.