Monday Market Update – 10/9/23

Monday Market Update with Amy Calandrino

Hello, valued clients and readers! As we step into another busy week, I wanted to share some updates on the commercial real estate market, both locally in Orlando and at the national level. Additionally, we’ve had some thrilling happenings right here at our brokerage!

Local Insights: The Orlando Picture

The [Orlando Regional Realtor Association recently released their report](https://www.orlandorealtors.org/clientuploads/Market%20Statistics/Monthly%20Market%20Reports/2023/State_of_the_Market_2023.08_Aug.pdf) for August 2023, and the findings offer valuable insights. Here’s what stood out:
– Volume is Down: Over the past 12 months, the transactional volume has seen a decline. However, this isn’t necessarily bad news because…
– Supply is Also Down: While the volume has decreased, so has the available supply. This suggests that while there are fewer transactions, the market remains tight due to decreased supply, which could point towards stable or even increasing property values.

National News: A Sigh of Relief

In broader U.S. news, we can all breathe a little easier. The looming government lockdown crisis has been averted, at least for the time being. You can read more about this significant development on [AP News](https://apnews.com/article/government-shutdown-mccarthy-congress-republicans-732baaa19c91f981e492fd0e6a76aba8). While not directly real estate, stability in the government affects investor confidence and can have ripple effects throughout the real estate market.

Inside Our Office: Amy Takes on CREi Summit

I recently had the pleasure of attending the 3rd [CREi Summit](www.creisummit.com) hosted in Lake Nona, a trailblazing smart city boasting landmarks like the Wave Hotel. The summit was nothing short of amazing, presenting a blend of innovation, industry insights, and networking opportunities. Proudly, I was the first to register for the 4th conference slated to be held in Atlanta next year. Can’t wait!

In closing, while the market has its dynamics and challenges, it remains an exciting time in the world of commercial real estate. Stay tuned for more updates, and as always, if you have questions or need insights into your commercial real estate needs, you know where to find me!

Until next time,
Amy Calandrino