Monday Market Update with Amy Calandrino: Commercial Real Estate Insights
Good morning everyone! It’s Amy Calandrino, your trusted Orlando commercial real estate broker, bringing you this week’s Monday Market Update. Let’s dive into what’s making headlines in our office, locally, and across the nation.
Inside Our Office:
I’m thrilled to announce that we have recently brokered DDP Roofing’s new Florida headquarters. This fantastic deal locates their new base near the bustling intersection of John Young Parkway and Silver Star Road. Small bay space deals, like the one DDP Roofing has secured, are gaining traction and proving to be highly competitive in our current market. Read more about DDP Roofing (https://ddproofing.com).
Winter Garden’s transformation of its downtown has been nothing short of spectacular. Now, the question on everyone’s lips is, “Where’s the next Winter Garden?” All bets are on Sanford. The growth, energy, and redevelopment initiatives making waves in Sanford are turning heads and generating buzz in the commercial real estate community. It’s undoubtedly an area to watch, and we are keenly observing the opportunities it presents. Discover more about Sanford’s development trajectory (https://www.bizjournals.com/orlando/news/2023/09/07/sanford-winter-garden-redevelopment-downtown-homes.html?cx_testId=40&cx_testVariant=cx_11&cx_artPos=9#cxrecs_s).
Shrinkflation isn’t just for consumer goods anymore. A concerning trend in the world of insurance has been gaining momentum: insured parties are now grappling with more policy exceptions, steeper deductibles, and increasing premiums. The shift is drawing attention at national levels, with debates sparking about the property insurance crisis in the wake of climate change impacts. Dive deep into the details and understand how it’s shaping our industry (https://www.bisnow.com/national/news/climate-sustainability/property-insurance-crisis-climate-change-senate-committee-hearing-nmhc-120572).
That wraps up this week’s Monday Market Update. Stay tuned, stay informed, and as always, reach out if you have any commercial real estate inquiries. Here’s to another productive week in the world of Orlando commercial real estate!