Retail, generally, followed multifamily, with industrial and office, and finally land recoveries rounding out the asset classes. With Florida's job creation and inbound migration, most investors believe Florida, particularly Central Florida, has much room to continue its growth.

GlobeSt.com: What impact could the presidential election have on commercial real estate?

Kratz: Through the end of August, most tenants and landlords appear not to have been delaying real estate decisions based on the US election. There may be intermittent large decisions that are postponed until the election is complete and a clearer picture of the direction the presidential and congressional leadership will head.

GlobeSt.com: What is your industry forecast for Central Florida?

Kratz: Continued improvement and tightening in most asset classes. Generally, only a limited and reasonable amount of new development is occurring. There is little current risk of overbuilding in the central Florida markets.

Sensitivity to historic highs in rental rates are keeping most rates in check for both landlords and tenants. Given the lack of alternative investments that will generate a risk adjusted yield, expect investment sales supply to continue to be outweighed by demand.