Retail on the Rise

The retail real estate market in Florida, according to a new report from real estate giant JLL, is about as hot as it's ever been.

“Leading markets have continued to see surges in demand from retailers,” states the JLL 2016 Florida Retail Report. “Rent thresholds appear to have been reached, indicating these areas are peaking.”

Sarasota-Bradenton is among five markets statewide JLL labels a “peaking market” in its retail property clock. Fort Myers, Naples and Tampa are among 10 markets the report considers rising. “Every market in Florida saw increases in occupancy in the first half of 2016,” the report adds, “and now occupancy is above 90% in almost every market.”