Charlotte County commercial
Effects of Hurricane Charley still felt
Thurston Martin, an agent with Coldwell Banker Commercial Sunstar Realty, has been operating in the Charlotte County market since 1990 -- the past eight years as a commercial real estate agent.
Q: Could you explain how Hurricane Charley disrupted the Charlotte County commercial real estate market?
A: It reduced retail, professional office and industrial space by 30 percent, and about 50 percent of that is still missing. That's created a situation where demand is still greater than supply, which has led to higher lease rates and prices per square foot.
Charley's effects linger in Charlotte [Herald-Tribune]
Thurston Martin, an agent with Coldwell Banker Commercial Sunstar Realty, has been operating in the Charlotte County market since 1990 -- the past eight years as a commercial real estate agent.Q: Could you explain how Hurricane Charley disrupted the Charlotte County commercial real estate market?
A: It reduced retail, professional office and industrial space by 30 percent, and about 50 percent of that is still missing. That's created a situation where demand is still greater than supply, which has led to higher lease rates and prices per square foot.
Charley's effects linger in Charlotte [Herald-Tribune]
posted by Mark Washburn on 12/20/2005
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