Yesterday was a busy day at the Gaylord Palms convention center in Kissimmee, FL. We know that Florida has been progressing better compared to other parts of the country in terms of a recovery, so I’m not surprised to see people wanting to do business here. The important thing to keep in mind is that they are being smart about their optimism. Nobody is jumping into deals that don’t make sense. Single tenant space is really hot right now and we’re seeing a lot of new takes on entertainment concepts like dine-in theatres.
Florida markets are rich with open-air centers providing excellent opportunities for management and leasing and the potential growth trajectory is high, given accelerated population growth and ensuing demand. Coming out of the recession faster than most U.S. markets, redevelopment and strong marketing and leasing focus will be key, so I expect to see more positive energy today at the show.
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Jones Lang LaSalle
Florida Retail Market