Top Deals: Sarasota/Manatee

Apartment sales edged out other commercial real estate sectors for overall top transactional activity in Sarasota and Manatee counties for the fourth time in as many years in 2019, as investors clamored to lock in current and future yields amid steady population growth.

Two of the top five deals in the submarket involved multifamily rental projects in 2019, led by a relatively new downtown Sarasota tower that sold to a New York group. An office and a pair of retail sales rounded out the top five deals.