Although most of the hype centers around the housing market being hot for the past several months, especially in the downtown markets such as Old Naples, Port Royal, and The Moorings we can not overlook other sectors. The rental market was in full swing at least a year and a half prior to seeing the sales market pick up steam. Demand has increased so much that landlords have been able to up their rents over the past two years and will probably look at another increase for 2013 because of such huge demand. Over the past year in Naples we have seen the commercial sector come roaring back to life with available storefronts being filled and strip centers undertaking major renovations, we are seeing large chunks of land getting multiple offers such as the recent sale of Naples Grand Central Station property. The National Construction Sector was reported to have added 48,000 jobs in February. The Mortgage Bankers Association has reported that "The appetite among lenders and investors for commercial and multifamily mortgages grew during the fourth quarter." If we see a rebound in all of these sectors it will certainly bode well for economic recovery in the United States.
If you would like a consultation on the Naples market please contact Adam Carriero at [email protected] or 239-641-3876.
Please contact Adam Carriero at [email protected] or 239.641.3876. I am available for consultation on the Naples, Florida, market.