Market Report

2020 Q3 | State of the Market (MS&C Commercial, Sarasota)

State of the Market

Sarasota, Manatee & Charlotte Counties

The effects of the coronavirus on the tri-county area commercial market remain unclear. Although data from the third quarter is providing greater clarity about local conditions and the short term real estate outlook, there remains uncertainty surrounding market dynamics and long-term effects. Office Tenants are evaluating what their mid- to long-term office footprint looks like in a post-COVID world. With the growth of consumer online shopping, Industrial/Flex Tenants are increasing warehouse/distribution space. The retail market will continue to be supported by residential development in our tri-county area.

MSC Commercial is committed to the goals of our clients and those of the commercial real estate industry. We will continue to monitor market movements as this situation evolves. For questions concerning your specific sector or business, please reach out to one of our highly skilled advisors.