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Nov 10, 2020
After three consecutive quarters of negative absorption, the Central Florida retail market bounced back. The start of the third quarter of 2020 nearly paralleled the activity experienced during the second quarter, with retailers remaining hesitant to reopen, minimal tours or sales occurring and consumers weary of the unknown climate created by the pandemic. As COVID 19 related government restrictions began to ease, a noticeable acceleration of activity, by tenants and investors, shined through as the quarter progressed.Read More
Aug 4, 2020
The second quarter of 2020 began with an unprecedented pause in activity for the Orlando Retail market. Nearly every retailer, except those deemed essential during the COVID-19 pandemic, temporarily closed their doors either voluntarily or through government orders. Investors were pencils down and, lenders halted underwriting and decision making. Tenants interested in the market paused or delayed tours and, many properties were pulled off the market in a wait-and-see approach. However, as the quarter progressed, the retail market throughout greater Orlando began to thaw and, although many government orders and restrictions remain, pockets of activity began to come back to the market.Read More
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