The Southwest Florida retail market was stable through the first half of 2017. Tenant leasing activity slowed slightly as most tenants have made their space decisions over the previous four to six years and are now in place for the duration of their leases. Additionally, national credit tenants seeking to enter the Southwest Florida market have already done so, especially within the restaurant industry, and are not seeking to expand. Many retailers are satisfied with their locations as the number of opportunities to relocate to superior properties within the market has declined.
Sensitive to macroeconomic trends, Southwest Florida’s local economy will continue strong through 2017, marked by continued job and income gains that will boost the regional tourism industry and community. Southwest Florida remains one of the fastest growing regions in one the fastest growing states in the nation.
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