Business Thrives as Tight Labor Market, Operating Expenses Squeeze Tenants
Central Florida’s retail market continued to fire on all cylinders through the first quarter of 2019. Average asking rental rates have escalated past all-time highs to $17.72 PSF (NNN)— a growth of more than 13% over a two-year period. Many of Orlando’s top trade areas, such as Winter Park and Dr. Phillips, are seeing rates approach $45 PSF (NNN).
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