Down the Pike - Spring 2018

We cannot emphasize enough the transformative impact that the concentration of approximately 3,000 new residential units downtown will prove to be for Sarasota. Although some questions remain as to whether demand can keep up with supply is never definitively answered until sales are complete; however we expect demand will be sufficient based on our view of current market indicators and factors. Consistent with the truism “commercial follows residential,” we anticipate an uptick in both office and retail demand in the metropolitan Sarasota area, too. We also expect continued industrial absorption to occur, another byproduct of a flourishing residential marketplace.