Monday Market Update- July 29, 2024

From the Desk of Amy Calandrino at Beyond Commercial

1. National Spotlight: New Business Surge Despite Rising Interest Rates

The entrepreneurial spirit remains undeterred in the U.S., as evidenced by a striking surge in new business applications. According to NerdWallet’s analysis of Census Bureau data, the 12-month average has settled at 455,000 new business applications per month—about 48% higher than the 293,000 average recorded in 2019. This robust growth in new enterprises could increase demand for commercial spaces, presenting significant opportunities for commercial real estate investors and landlords. For deeper insights into this trend, [read more here](https://www.bizjournals.com/bizjournals/news/2024/07/05/new-business-2024-census-high-interest-rates.html?csrc=6398&utm_campaign=trueAnthemNewContentFeed&utm_medium=trueAnthem&utm_source=instagram).

2. Local Update: Back-to-School Season in Central Florida

With the back-to-school season underway, Central Florida is poised for a retail boost. Local businesses, especially retail ones, can expect increased activity as families prepare for the new school year. This seasonal surge is crucial for property managers and commercial real estate stakeholders, as it could lead to higher foot traffic and new leasing opportunities. For more on how this affects our community, [learn more here]

3. Inside Beyond Commercial: New Team Photos

We’re thrilled to unveil new team photos, expertly captured by our own Taylor McFee, who continues to excel in both drone and traditional photography for our listings. These new images not only enhance our team’s online presence but also echo our commitment to quality and professionalism in real estate. Keep an eye on our website to see the fresh faces behind Beyond Commercial.

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.