Monday Market Update – December 25, 2023

Inside Beyond Commercial

We’re thrilled to announce a significant milestone for our team member, Sandi Harrison. Since joining Beyond Commercial in 2018, Sandi has been a vital part of our growth. This Christmas, we celebrate her achievement in earning a CCIM scholarship for her 2024 coursework. The CCIM designation symbolizes expertise in commercial real estate, making this a proud moment for Sandi and our brokerage. [Learn more about CCIM](https://www.ccim.com/about/what-ccim-designation).

National News: Supply Chain Shifts

In global news, a recent CNBC report highlights a $35 billion cargo diversion from the Red Sea. This substantial shift in shipping routes could ripple through the global supply chain, potentially impacting business operations and the commercial real estate sector. Persistent disruptions could influence logistics, warehouse demands, and trade. [Read the full CNBC article](https://www.cnbc.com/2023/12/19/shippers-divert-35-billion-in-cargo-from-red-sea.html).

Local Spotlight: Winter Park Real Estate

Locally, Winter Park remains a hotspot in real estate. A recent transaction involving a vacant lot on Park Avenue, sold for $6.85 million, illustrates the continued strength in both residential and commercial sectors. This sale underscores the high demand and value in desirable areas like Winter Park. [Explore the details](https://www.growthspotter.com/2023/10/31/vacant-lot-on-park-avenue-sells-for-6-85m-after-owners-demolish-mansion/).

Wishing you a Merry Christmas and prosperous business insights,
Amy Calandrino, Beyond Commercial.