Market Forecast - Fall 2015

Our outlook remains very positive, barring a natural disaster, unexpected financial downturn or other catastrophe. New residential, hospitality and retail developments are adding to the tapestry of Sarasota. At the same time, the city is growing in stature among international visitors and investors alike, which should lead to further recognition of Sarasota as a wonderful place in which to work and live.

As a result, we expect office rental rates to edge upward over the next 18 to 24 months. High-profile retail will also gain traction, amid an ever greater influx of tourists. The industrial market, too, appears poised for growth over the next year or more, as the inventory of existing properties are absorbed through consistent demand. Watch for more new commercial development as businesses demand up-to-date technologies and space design.