Alachua County highlighted in report
co-authored by John Crossman, President of Central Florida Commercial Association of REALTORS®
Orlando, FL - (August 30, 2007) – The International Council of Shopping Centers (ICSC) Summer 2007 Florida Retail Report, co-authored by the President of the Central Florida Commercial Association of REALTORS® (CFCAR), John Crossman, CCIM, favors Alachua County.
The report states that Alachua County will continue to have strong retail growth in spite of the negative residential reports. The city of Gainesville has seen a 6% increase in population over the last five years. This area continues to experience rapid growth and is expected to reach a population of nearly 252,000 by 2011. The unemployment rate has been around 3% for over 10 years. While there has been a slight rise thus far this year, the unemployment rate is level and expected to remain at 3% for the remainder of the year.
John Crossman, President of Orlando based Crossman & Company, states, "The strong fundamentals of Alachua County are low unemployment, relatively low interest rates and tourism. In commercial real estate, strong fundamentals are the keys to retail success."
Crossman & Company is the largest third-party retail leasing and management company in Central Florida, based upon total retail square footage; currently oversees a real estate portfolio of approximately five million square feet valued in excess of $1 billion. Crossman & Company manages retail leasing for The Villages, the largest single-site mixed-use development in the United States, spanning over 25,000 acres in three adjoining counties in Central Florida. Family-owned and operated for more than 40 years, The Villages is currently home to more than 65,000 residents, with a projected build-out of more than 110,000 by the year 2010. Residents living in The Villages have an average income that is almost double the U.S. average and are dedicated to supporting business and community growth. For more information please visit www.thevillagescommercialproperty.com, or call 407-447-5013.
The Central Florida Commercial Association of REALTORS® is committed to enhancing the business of all members. CFCAR provides commercial practitioners with opportunities to network and market listings, search properties or collaborate with other commercial practitioners regionally. CFCAR currently serves the following ten counties: Alachua, Brevard, Flagler, Lake, Marion, Orange, Osceola, Seminole, Sumter and Volusia Counties |
