Valerie Tatum

The Southwest Florida Retail market vacancy rate dropped to recorded low of 4.0% competition for space in core submarkets remained high driven by overall positive outlook by retailers due to the area’s centralized location as well as the continued job growth and positive net migration.

Retailers continue to target the evolving Central Florida market with solid momentum and tenant activity.

There is an increase in new development as asking rates reach the highest point recorded and vacancy drops to record lows.