How is the commercial real estate market? This common question is often asked as people attempt to ascertain information about broader questions (how is the economy, how should my investments be tracking, etc.)
Though much data is available on the the national scale, state level, and even metro statistical area (MSA) level, finding current information about smaller submarkets (such as DeLand) can be difficult. Real estate is subject to local forces and submarkets can operate independently.
That’s where we can help. As part of the DeLand real estate community with experience and knowledge on market forces. While tools such as CoStar are useful in market analytics, here are a couple of notes from the “ground floor” of the local DeLand real estate market.
– Commercial Land is Rising In Value –
Sites near Downtown DeLand and on major thoroughfares (US 17-92, I-4, US 92) are seeing per square foot price increases. Downtown DeLand and Stetson remain demand drivers on the north side of town and the homesites in Victoria Park serve as an incredible anchor to the south end of town.
– Commercial Development is Back –
Multi-Family, Hotel, and Retail development have reached DeLand. Look to the soon to be Marriott hotel property downtown and the Publix relocation on the corner of Orange Camp and US 17-92.
– Interest from National Retail Tenants –
Hand in hand with commercial development, (and evidenced by Marriott and Publix), national retail chains are becoming more and more interested in DeLand. We believe over the next two years many familiar retail establishments will reach into DeLand.
– Industrial Property Vacancies Have Dropped –
The skydive industry continues to drive demand near the DeLand Airport. Occupancy has increased as more and more companies are relocating and/or creating branch facilities in DeLand to take advantage of this synergy.
Are you looking to develop in DeLand? Are you looking to invest? Contact Swann & Associates today to work with a local commercial expert to help achieve your goals.