IRR-Sarasota Mid-Year Viewpoint 2015 Local Market Report - Retail
The Sarasota County retail market has shown positive indications of an improving market, with decreasing vacancy rates, stable rental rates, and positive absorption over the past year. As vacancy rates are expected to continue to decrease to stabilized levels with positive absorption, rental rates could be expected to increase in the near future.
The pace of development has increased substantially over the past year. The single largest addition to the market is The Mall at University Town Center with over 1.5 million SF of retail space, opening in Q4 2014. Numerous other additions have been in the form of single tenant and build-to-suit properties.
Download the full version PDF of this Local Market Report below. It includes graphs and tables.
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.