Florida Panhandle Report H2 2022

Even with the general economic volatility and uncertainty throughout real estate and capital markets during the second half of 2022, with rising interest rates having chilling effects on valuations and transaction volume, the Florida Panhandle commercial real estate market area remained on trend, with strong demand for space continuing in every segment. As a result, vacancy rates in every sector are among the lowest recorded, rental rates continue to appreciate, and fundamental market conditions are supportive of a new development cycle. There is no doubt that projects are getting re-priced due to interest rate volatility, and many have been shelved, but with continued demand for space, particularly in the retail and industrial segments, The Florida Panhandle commercial real estate market remains very healthy and poised for further growth during the foreseeable future.