Monday Market Update – October 21st, 2024
From Hurricanes to High Rankings: Navigating Orlando’s CRE Landscape This October.
Welcome to this week’s Monday Market Update! The past few weeks have been a whirlwind—literally—with Florida recovering from the impact of Hurricane Helene and Hurricane Milton. We’ll discuss how these storms have affected local businesses and the commercial real estate market, provide an update on national lending forecasts, and share exciting news about Beyond Commercial. Let’s get started!
Florida Hit by Hurricane Helene and Hurricane Milton: Navigating Recovery Efforts
Florida was hit hard by back-to-back hurricanes, with Helene and Milton making landfall just two weeks apart. The storms caused widespread disruption, damaging infrastructure, closing businesses, and stalling operations across multiple sectors. Many businesses are now in recovery mode, working to rebuild and resume normal operations.
The good news is that assistance is available for affected businesses. Florida has launched the [Rebuild Florida Business Loan Fund](https://floridacommerce.my.site.com/RebuildFloridaBusinessLoanFund/s/), providing low-interest loans to help businesses recover, rebuild, and resume operations. This financial lifeline is essential for entrepreneurs and property owners to get back on track after such devastating weather events.
How These Hurricanes Impact CRE
For commercial real estate professionals, these storms will likely increase demand for temporary office spaces, co-working hubs, and short-term leases as businesses seek immediate solutions. Reconstruction efforts are expected to drive up demand for contractors, boosting construction and repair activity in the short term. Brokers and property managers should stay proactive, connecting with businesses in need of temporary or long-term leasing solutions and working closely with landlords to create flexible lease terms.
National Update: MBA Lowers 2024-2025 CRE Lending Forecasts
In national news, the [Mortgage Bankers Association (MBA) has reduced its commercial real estate lending forecasts for 2024 and 2025](https://www.credaily.com/newsletters/mba-lowers-commercial-real-estate-lending-forecasts-20242025/). With higher interest rates and lingering economic uncertainty, lenders are becoming more selective, tightening credit standards, and reducing available capital for new projects.
This shift could lead to fewer construction loans, placing pressure on developers, especially those relying on traditional financing for new builds. However, it could also prompt a shift towards stabilizing existing assets or encourage more creative financing arrangements such as private equity or joint ventures.
What It Means for Orlando’s Market
For the Orlando market, the reduced lending could slow the flow of new developments, especially in the retail and hospitality sectors. However, opportunities may arise in value-add investments, adaptive reuse projects, or co-investing with alternative capital sources. Investors, developers, and brokers will need to explore creative strategies and alternative financing options to thrive in this evolving environment.
Beyond Commercial News: Amy Calandrino Makes the CREi Summit TikTok Top 30
We’re thrilled to share that our founder, Amy Calandrino, ranked 21st on the [CREi Summit TikTok Top list](https://creisummit.com/)! The CREi Summit celebrates top commercial real estate influencers leveraging digital platforms like TikTok to share insights and foster industry connections. This recognition highlights Amy’s innovative approach to providing valuable information and insights to entrepreneurs, investors, and fellow brokers through social media.
The Impact of CRE Influencers on the Industry
Influencers like Amy are transforming the commercial real estate landscape by making it more accessible to broader audiences. Through engaging content on TikTok and LinkedIn, influencers educate, connect, and empower people to make better real estate decisions. Amy’s presence on the CREi Summit list reinforces our commitment to leveraging technology and social media to stay at the forefront of the industry.
Beyond Commercial remains dedicated to using these platforms to engage meaningfully with clients, share market insights, and showcase successful projects. While Amy’s personal Tik Tok tends to be focused more on personal pursuits.
Closing Thoughts: Adapting and Thriving in Uncertain Times
As we wrap up this week’s Monday Market Update, it’s clear that the path forward in commercial real estate will require resilience, creativity, and strategic thinking. Whether it’s helping Florida businesses recover from hurricanes or navigating the challenges of tighter national lending, Beyond Commercial is here to provide support, insight, and innovative solutions. And with our founder Amy Calandrino making waves in the CREi community, we’re excited about the future and ready to continue pushing boundaries.
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.
This concludes today’s update. See you next Monday for another in-depth look at the trends and news shaping the commercial real estate landscape. Make it a great week!
Amy Calandrino