IRR-Sarasota Mid-Year Viewpoint 2015 Local Market Report - Industrial
After several years of high vacancy rates and declining rental rates, the Sarasota area industrial and flex space markets are in the midst of a strong rebound. The current boom in residential housing has led to significant recovery of the industrial sector.
Rental rates appear to have stabilized but have not shown significant increases as of yet. While there is sufficient land available for new construction, the development of new industrial space has been hampered by the governmental approval process.
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IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.