David Hungerford’s Post

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Senior Advisor at SVN Saunders Ralston Dantzler Real Estate

🏗 🚛 The County Line submarket is an active trade area that includes Eastern Hillsborough and Western Polk counties. There are nearly 1,800,000 ± SF under construction along County Line Rd., at a time when leasing velocity is much lower than it was 2-3 years ago. Current vacancy is 12%, which is higher than Polk County at 8.6%. That said, leasing velocity is much better in this trade area than the overall market, with net absorption of 800,000 ± SF in the past 12 months. With total inventory of 17,100,000 ± SF, that's a 6.14% annual bump. Will leasing velocity keep up with construction? It's certainly possible, but a risky bet in my opinion. #PolkCounty #CentralFloridaIndustrial #CRE #CCIM #SIOR

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