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Description: Commercial real estate professional serving Bradenton, Lakewood Ranch, Sarasota, Palmetto, Ellenton and Parrish areas. Representing landlords, property owners, tenants or buyers.
real estate (46383) commercial real estate (2090) bradenton real estate (30) lakewood ranch real estate (7)
941-920-5638
So, it’s finally happened! We’ve reached that point in the Commercial Leasing Continuum in the Bradenton, Florida area, where market conditions are finally encouraging Tenants to think “long term” in their commercial leasing strategies. The effects of the Great Recession…compressed commercial lease rates and the resulting lack of commercial development…has pretty much been over for quite some time. Starting in about mid-2014, those conditions slowly began to fade from the commercial landscape and by mid-201
Landlords have been asking rates approaching $25 NNN for the really prime properties, i.e. those in areas intersected by I-75, more specifically the area around I-75 and University Parkway. Those areas are beginning to fill up with longer term leases, so the asking prices have increased, as well. Another market factor we’re finally seeing is the return of the mid-level investors back into the commercial real estate market in the Bradenton area. When you have the big leasing partners such as WaWa and others
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