Tenant Rep Office Specialist Calls Market Healthy, but Feels Class B Product May Suffer

ORLANDO-Strictly Commercial Inc., a 12-year-old, three-associate, locally based tenant representation firm, expects to double its volume this year in the face of a national economic slowdown. The company posted volume of 260,000 leased sf valued at $46 million in 2000, its best year yet.

John L. Gay, one of Strictly Commercial’s founders, concedes he is seeing “a slowdown in both construction and leasing activity” but still calls the Orlando market “very healthy.” He tells GlobeSt.com, “As a tenant representative, I term ‘healthy’ as a market where robust leasing activity meets ample product supply.”

Gay looks for rents to level off this year as class A buildings compete for more creditworthy tenants. “I expect the class B office market to be hurt the most by the national economic slowdown,” the broker says.