Central Florida Commercial Real Estate
Posted by Jen Dollar on
Most of the news we’ve read about the real estate market in recent years has been pretty depressing. But, the news is actually quite exciting for Central Florida when it comes to commercial real estate.
Did you know recent reports have ranked Central Florida at 9th in the USA for new commercial real estate construction? It may seem surprising, but it’s a reality. In addition, occupancy rates in the downtown area of Orlando, the largest metro area in Central Florida, increased in quarter four of 2010 as compared to 2009. So, while the vacancy rate still remains in the high teens for the central Florida, the occupancy numbers keep increasing, which means over time there be more competition for the office space that is available.
Central Florida has…
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If you're getting ready to put your home on the market, your realtor may have mentioned hiring a stager for your home. It may seem like this is just another expense you don't need right now, but the money you spend on a stager can actually be well worth it. 
1. For a buyer, the first rule is almost always: location, location, location. For a seller, your mantra is "price to sell." If you must sell now, don't waste your time by overpricing. List your house based on what the market dictates today, not off of what you were expecting to make. Be wary of agents who will urge an excessively low price, and ask your agent for comparable sold listings. Make a sound decision to make out the best you can, and remember when doing it that you must price it right to sell it. If you don't don't price your Orlando area property right, it will never sell. Pricing right early can sometimes even cause a bidding war that nets you more than expected.
There are quite a few things addendums cover these days in Fannie Mae and Freddie Mac deals. Most importantly, they have to do with the as-is nature of all of the sales. One of those things you should directly understand is how condo and home owner association documents. Most bank addendums place the burden for obtaining documents and financials on you the buyer. You need to locate these documents to make a wise investment. The problem however, is that many management companies will not release the financial information to non-owners or to a title agent. It can definitely create a problem where you can't get something you need until you're starting the closing process.
The Orlando Thrill Park project which has recently been planned to draw thrill-seekers throughout the world to International Drive is starting to heat up. The park plans to have a 14-ride experience that promises an adrenaline rush like no other. With competition high in this area, already having Universal Studios, Islands of Adventure, Disney, MGM Studios, and Sea World as main competitors - the site will need to focus on an amazing roller coaster experience to draw attention with competition as high as it is among Central Florida theme parks already.
Fixed mortgage rates have dipped for the second week straight as Treasury bond yields fall again. The Orlando area real estate market is finding that its housing inventory low pricing is being met with great finance opportunities for those that are ready to invest in a Central Florida housing. The market is seeing some of the lowest prices in terms of inflation adjust dollars.
Major League Soccer is an exciting experience that many cities want in there town, but it's often a pipe dream for USL teams. With Orlando's new USL club, formerly the Aztex, that bid might have a chance with a new ownership group making that goal a priority. Orlando's new soccer club is set to start games this summer in the USL-Pro league.
Move aside Ohio State, the second largest (by student enrollment) university in the USA now belongs to the University of Central Florida having among its ranks 56,235 students. Arizona State is ranked number one with more than 70,400 students.