Source: Tampa Bay Business Journal
Since the residential housing market peaked in 2005, current turmoil in the housing market has made the commercial market a little hazy. Many are holding on to land investments for a few years until the market increases in activity. Apartment land is still is demand and popular. Demand is lower now for large land developments since the slowing of the housing market, but some aspects of the commercial market are increasing in demand such as apartment land and some retail land space.
The industrial and office space commercial markets are doing well and in demand right now as well. Some import and export cost have declined which has aided the industrial sector. In the industrial sector the following areas are seeing growth:
customer packaging
document storing
advertising
food distribution
advertising
In the office sector smaller job increases and even job decreases are hurting that sector. This combined with increases in some class A office rental space has led to slowing in the office sector of the commercial market. Tight credit problems and the decline in the housing market are making it hard to predict what will happen to the commercial market. Some sectors are slowing and some are increasing but the overall picture is hard to paint.
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