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Posted: February 24, 2014
Orlando ranked as the Top Commercial Real Estate Market by Coldwell Banker Commercial
The Coldwell Banker Commercial Market Comparison Report was released, ranking the top commercial real estate markets in the country. The report examined more than 80 markets based on the percent change in vacancy and rental rates for the office, retail and multifamily sectors from Q3 2012 through Q3 2013, as well as population and unemployment changes over the same time period.
Orlando was the only market to rank among the top 10 in the percent change of vacancy and rental rates in each of the sectors measured in the report. It was also the only market to rank among the top 10 in both population and employment growth.
"Orlando is still the top tourist destination in the world, hosting a record 56 million visitors and generating $50 billion in economic impact in 2013," said Paul Hoffman, vice president, commercial sales with Coldwell Banker Commercial NRT in Orlando, Fla. "With expansions like Disney's Avatar, Magic Kingdom, Downtown Disney and The Wizarding World of Harry Potter at Universal, along with the opening of the Dr. Phillips Center for the Performing Arts and an 18,000-seat stadium for Orlando's new Major League Soccer franchise, visitors are expected to exceed 63 million and bring an additional $1.3 billion to the local economy in 2014."
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