Florida’s Living Appeal, Small Business Saturday, and Holiday Cheer in Winter Park
📈 Monday Market Update #MMU | November 18, 2024 🏢✨
As we approach the holiday season, there are some exciting developments both locally and across Florida that impact the commercial real estate landscape. This week’s update dives into Florida’s ranking as one of the best states to live in, the significance of Small Business Saturday for the local economy, and a festive update from Winter Park. Plus, a glimpse at Amy Calandrino’s involvement in community-driven events. Let’s break it down.
National Spotlight: Florida Ranked Second Best U.S. State to Live In
A recent study has named Florida the second-best state to live in across the U.S., emphasizing the Sunshine State’s growing appeal. According to WFLA, factors contributing to this high ranking include Florida’s booming job market, favorable tax policies, and unparalleled lifestyle options, from its warm climate to world-class entertainment and recreation.
Implications for Commercial Real Estate
This recognition further solidifies Florida’s position as a magnet for new residents and businesses. As people flock to the state, the demand for residential and commercial properties continues to rise. For commercial real estate investors and developers, this translates into increased opportunities in areas such as office spaces, mixed-use developments, retail, and healthcare facilities. However, it also brings challenges like managing rapid growth, adapting to evolving infrastructure needs, and navigating fluctuating property values.
At Beyond Commercial, we’re seeing firsthand how this influx impacts our market. Businesses looking to expand or relocate here are driving demand for strategic locations that offer accessibility and amenities for a growing workforce.
Key Takeaway: Florida’s strong reputation as a desirable place to live is boosting its real estate market. Commercial real estate players should watch for continued migration trends and be prepared to act on opportunities in high-growth areas.
Local Update: Small Business Saturday Is Around the Corner
Mark your calendars for Small Business Saturday, an important event that encourages shopping locally and supporting small businesses. The SBA has highlighted this initiative as a significant driver for local economies, and it’s more relevant than ever as communities rally to support their independent merchants.
Impact on Orlando’s Business Landscape
Small Business Saturday is a fantastic opportunity for local businesses to connect with their communities and boost year-end sales. Commercial property owners and brokers should recognize the importance of these independent businesses in maintaining a vibrant commercial ecosystem. Retail spaces that house local businesses could see increased foot traffic, making it an excellent time to evaluate leasing strategies and marketing efforts.
For business owners, now is the time to prepare by promoting special offers, hosting in-store events, and collaborating with neighboring businesses to maximize impact. At Beyond Commercial, we understand the critical role small businesses play in our community and are proud to support initiatives that promote economic growth.
Key Takeaway: Small Business Saturday is a crucial event for stimulating local economies. Whether you’re a property owner, retailer, or community advocate, leverage this day to strengthen ties with your local market.
In the Office: Holiday Cheer with Light UP Park Avenue
Amy Calandrino had the pleasure of participating in the first-ever “Light UP Park Avenue” event, a new holiday tradition in Winter Park. As a board member and secretary of the Park Avenue District, Amy played a small but meaningful role in bringing this festive experience to life, alongside Tracy Brand-Liffey and many other dedicated organizers. The event will feature stunning holiday lights, music, and even festive scents designed to create an unforgettable holiday atmosphere. For more details, check out The 32789.
What This Means for Local CRE
Events like Light UP Park Avenue draw people into the heart of Winter Park, boosting foot traffic for local businesses and creating opportunities for increased sales. For commercial property owners, this kind of community-driven event can enhance the desirability of retail and mixed-use spaces. It also reinforces the importance of investing in areas with active community engagement and year-round attractions.
In the Office Update: Being involved in initiatives like this exemplifies our commitment to not just supporting businesses but also contributing to a thriving local culture. Beyond Commercial believes that community engagement plays a crucial role in the overall health of the commercial real estate market.
Final Thoughts
From Florida’s rising appeal to local initiatives like Small Business Saturday and festive celebrations in Winter Park, this week’s updates highlight the strength and vibrancy of our market. The coming weeks present numerous opportunities to invest, engage, and grow. At Beyond Commercial, we’re here to help you navigate these changes and maximize your real estate strategy.
Stay tuned for more insights, and don’t forget to support local businesses this holiday season! For personalized guidance or to discuss your real estate goals, reach out to us at Beyond Commercial.
Make it a great week and enjoy the festivities!
- Amy Calandrino, CEO of Beyond Commercial