Rogg outlined his findings at the annual meeting of the Central Florida Commercial Real Estate Society in Orlando.
"The market is saturated with product," the broker told society members. "Pensions funds and advisers are over allocated; REITS are not aggressively buying development or stock buy-backs; and opportunity funds are on the selling side."
For example, in the first eight months of the year in Orlando, $77 million worth of deals were done at an average price of $85 per sf compared to $215 million worth of transactions averaging $119 per sf in all of 2000.
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