Company finds Sarasota office market is tight

PropLogix discovered that for growing firms in need of office space in Sarasota, options are few.


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  • | 9:20 a.m. January 24, 2020
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COURTESY PHOTO — PropLogix acquired this 44,000-square-foot office building near Interstate 75 in Sarasota County earlier this month for $10.5 million.
COURTESY PHOTO — PropLogix acquired this 44,000-square-foot office building near Interstate 75 in Sarasota County earlier this month for $10.5 million.
File photo
  • Commercial Real Estate
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When real estate tech firm PropLogix began scouting for new office space last year, it quickly found its options were limited to two: Either build a new building to house its growing business and 175 employees, or move out of downtown Sarasota.

Construction wasn’t an option. Spurred on by the early November sale of PropLogix’s quarters in the Main Plaza office and retail complex to a Connecticut firm with redevelopment plans, the company needed to move quickly to find new digs.

 

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