In The Suburbs - Winter/Spring 2004

In Lakewood Ranch and Clark Road the hot real estate topic is absorption.  Office and retail occupancy rates are increasing in  both areas as tenants and owners  move through the marketplace.  A  majority of the available suburban office and retail space is new construction and rates range from $16-$22 per square foot triple net.  In 2004 expect these two areas to be hot spots for new construction as available product is absorbed.