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Land Prices Steady in 46 Million SF Retail Market

ORLANDO-Although restaurant and retail sales in some tourist corridors are off by more than 10%, land prices remain steady. Shopping center sites over 10 acres are in the $6 psf range. Outparcels are selling for $13 to $18 psf.

By Alex Finkelstein | Updated on August 04, 2000

Orlando’s churning 46 million-sf retail inventory shows no signs of slackening as population and employment growth fuel an unprecedented demand for retail products and services. That’s the latest analysis from Real Property Specialists Inc., an Orlando brokerage that tracks the retail market quarterly.

Land prices, for example, have remained steady over the past year. Shopping center sites over 10 acres are in the $6 psf range. Outparcels are selling for $13 to $18 psf.

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