Monday Market Update – November 4th, 2024

Navigating Political Shifts and Consumer Trends in Orlando’s CRE

Monday Market Update – November 3, 2024

From the Desk of Amy Calandrino at Beyond Commercial

As we step into November, we’re seeing significant developments locally and nationally that will impact the commercial real estate (CRE) landscape. In this update, I’ll share insights that can inform your strategies and decision-making, reflecting Beyond Commercial’s commitment to keeping our clients and network informed. Today’s topics include a rise in election mentions within corporate conversations and shifting buying habits in Florida. For more on the strategies that align with these trends, explore my personal blog, which ties into my Performance Mindset podcast and the SPORT Success System highlighted in my upcoming book. [Read more on the mindset blog here](https://www.amycalandrino.com/mindsetmakeover).

National Spotlight: Elections Stir Corporate Conversations

As we approach November 5, a notable surge in election-related mentions has emerged in company conference calls. According to CNBC, this uptick signals that executives are keenly aware of the potential economic and regulatory implications tied to the upcoming elections. Notably, both political parties are preparing for what could be a highly competitive and potentially indecisive finish, drawing comparisons to the historic Bush-Gore race two decades ago. Such a scenario adds an extra layer of uncertainty, with extended ballot counting or legal challenges further exacerbating concerns in the business and commercial real estate sectors.

What This Means for CRE in Orlando and Beyond:

The anticipation of a close and potentially contested election brings a period of cautious optimism but underscores a heightened need for strategic positioning. Should election results be delayed or challenged, uncertainty could linger, impacting market stability and investor confidence. For property owners and investors, understanding these political currents is essential, as new regulations or tax laws could emerge from either party’s platform.

In this climate, diversifying portfolios, exploring opportunities for ‘blend and extend’ lease structures, and engaging in proactive consultations with wealth advisors, CPAs, and legal experts are prudent steps. Such preparations can help buffer against volatility should political outcomes impact property valuations, financing conditions, or transaction volumes.

Key Takeaway: The potential for a contested or indecisive election outcome increases the risk of market instability. Staying informed and maintaining strategic flexibility will be crucial as the commercial real estate sector navigates any resultant economic ripple effects.

Local Focus: Evolving Consumer Behavior in Florida

On the local front, Florida’s commercial landscape is seeing changes driven by shifting consumer habits. A report from [Business Observer](https://www.businessobserverfl.com/news/2024/oct/24/florida-buying-habits/) highlights an evolution in buying patterns, signaling implications for retail and mixed-use properties. Florida’s consumers are increasingly embracing experiences and sustainability, influencing the types of businesses that thrive. This change is evident in the rising demand for lifestyle-focused retail centers that combine shopping, dining, and leisure activities.

Implications for Orlando’s CRE Market:

For Orlando’s brokers and developers, this shift presents both challenges and opportunities. Properties that align with experiential and eco-friendly consumer preferences are becoming more attractive. Retail spaces that integrate technology, green building practices, and unique experiences may command premium rents and higher occupancy rates. Mixed-use developments are particularly well-positioned to cater to these evolving trends, as they offer convenience and a community-centric feel.

At Beyond Commercial, we’ve seen a growing interest from clients seeking properties that cater to these consumer preferences. For example, investing in renovations that boost sustainability or transforming traditional retail spaces into lifestyle hubs can add significant value.

Key Takeaway: Adapting to changing consumer expectations is essential for maintaining relevance and maximizing property value. Strategies like reconfiguring spaces for mixed-use and incorporating eco-friendly elements will be key trends to watch.

Staying Ahead with Beyond Commercial

The national political landscape and local buying behavior are just two examples of the dynamics shaping Orlando’s commercial real estate market. As a trusted advisor, Beyond Commercial strives to help clients navigate these inflection points with informed guidance and strategic insights.

For more immediate updates, consultation, or a deeper dive into how these changes might impact your business or investments, don’t hesitate to reach out. Stay tuned for further updates on these developments and how they might influence your commercial real estate decisions.

Keep thriving and stay informed!

– Amy Calandrino, CEO of Beyond Commercial

P.S. For more personal and professional development thoughts and reflections, follow my weekly blog and listen to the Performance Mindset podcast, where we explore growth, adaptability, and the path to peak performance. www.amycalandrino.com