Coldwell Banker Commercial on Tuesday released its annual ranking of the top commercial real estate markets for 2015, and Orlando ranked among the top metro area performers.
The report ranks more than 80 markets across the U.S. based on the percent change in vacancy and rental rates for the office, retail and multifamily sectors from third-quarter 2014 through third-quarter 2015, as well as population and unemployment changes over the same time period.
Dallas came in at No. 1 on the list. Orlando finished at No. 2, followed by Fort Worth, Texas; Sacramento, Calif.; and Oakland-East Bay, Calif.
Paul Hoffman, broker-salesman at Coldwell Banker Commercial NRT in Maitland, attributed the area’s high ranking to a population spike statewide and increased tourism in the Orlando area, specifically.
“Metro Orlando commercial real estate is the beneficiary of a booming Central Florida economy and growth. There is high demand for retail investment properties fueled by the recovering economy, low interest rates, and short supply,” Hoffman said.
In the individual category rankings, Orlando came in at No. 14 in the office sector, No. 10 in the retail sector, No. 2 in multifamily and No. 2 in population.