State of the Market - Summer 2018

Strong and stable are terms I happily use to describe our current commercial real estate market. Those adjectives will change at some point, but for now, we can enjoy the confidence, stability and anticipation of a positive future that a healthy market imparts. Historically low unemployment levels, rising wage and overall confidence in the national economy all support a strong commercial real estate market, in Sarasota and elsewhere. Couple these conditions with reasoned, stable lending practices and you have a recipe for success. True, some areas and sectors are outperforming others, but the underpinnings of residential development and investment real estate – from single-tenant, triple net lease properties to those that require more hands-on management – continue to push commercial real estate as an investment class ahead.