Monday Market Update – August 19, 2024

From the Desk of Amy Calandrino at Beyond Commercial

In the Office

This week at Beyond Commercial, our dedicated team is catching up on transaction documentation. A highlight includes our successful representation of Family First Wellness Center in their move to a new location in Altamonte Springs, which will enable them to expand their services and better serve their community. This new space not only boosts patient accessibility but also aligns perfectly with its mission to provide holistic, patient-centered care. Read more about this transaction [here](https://beyondcommercial.com/amy-calandrino-sior-ccim-represents-family-first-wellness-center-in-new-altamonte-springs-location/).

Local News

Winter Park is taking steps to alleviate parking challenges on Park Avenue, aiming to enhance accessibility and the overall visitor experience. The move could potentially benefit local businesses by increasing foot traffic and accessibility, making the area more attractive for both shoppers and commercial tenants. Stay updated with this local development [here](https://www.clickorlando.com/news/local/2024/07/25/winter-park-looks-to-make-finding-park-avenue-parking-easier/).

National News

On a national level, July saw a notable increase in consumer spending, which is a positive sign for the retail sector. This uptick could lead to enhanced demand for retail spaces as businesses expand to meet consumer needs. Such trends are vital for commercial real estate stakeholders to monitor as they could influence investment and development decisions. Learn more about these economic shifts [here](https://www.bisnow.com/national/news/retail/consumer-spending-retail-sales-up-in-july-125511).

Stay tuned for further updates on these developments and how they might influence your commercial real estate decisions. For more immediate insights and personal consultations, feel free to contact us.