GlobeSt.com UPDATE: Real Estate Investment Slated to Stay Flat in Fourth Quarter

ORLANDO-It isn’t going to wind up as a great transaction year in Central Florida’s commercial real estate investment sector, but analysts and brokers tell GlobeSt.com the smart money is still in properties for the long haul.

Even though per-sf prices are falling in several categories, owners of trophy and steady-producing properties are holding firm on asking prices, waiting and watching to see how the economy turns over the next 90 days.

In Orlando for the first nine months of the year, for example, $77 million worth of deasl 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, according to CB Richard Ellis Inc.