FL - The Florida Keys
FL - Vero Beach / Indian River County
DEMOGRAPHICS
Key West, FL
997
73,047
32,553
$98,489
29,685
6.2%
MARKET HIGHLIGHTS
•;Border Patrol Office and Winn-
Dixie have recently expanded.
•;This area has the lowest
unemployment rate in Florida;
hotel occupancy and ADR is the
highest in the State.
•;Dunkin Donuts, Walgreens and
Holiday Inn Express opened
recently.
•;Inventory is down by double
digits and sales are up equally.
•;Urgency has re-entered the
marketplace.
•;Severe development restrictions
provide significant barriers to
entry.
DEMOGRAPHICS
Sebastian
Vero Beach,
FL
503
135,534
59,807
$94,759
43,595
11.4%
MARKET HIGHLIGHTS
•;Market is showing slow
improvement.
•;Income properties sell as
occupancy and rents increase.
•;Unemployment is down but is
still a challenge.
•;Indian River county is offering
job grant incentives.
•;New construction remains soft.
•;Owners are offering financing
due to bank financing
challenges.
•;The area is an excellent central
distribution location 300
miles from 80% of the state’s
population.
•;Bio fuel companies like this area
due to quantity of agricultural
land.
Coldwell Banker Commercial
Schmitt Real Estate Company
11050 Overseas Hwy.
Marathon, FL 33050
(305) 743-5181
www.commercialfloridakeys.com
CONTACT
Coldwell Banker Commercial
Ed Schlitt, L.C.
1950 U. S. Hwy. 1
Vero Beach, FL 32960
(772) 778-1801
cbc.flcoldwellbanker.com
CONTACT
OFFICE
RETAIL
OFFICE
RETAIL
Vacancy
Q
Vacancy
Q
Vacancy
N
Vacancy
N
Absorption
P
Absorption
N
Absorption
N
Absorption
N
Rental Rates
N
Rental Rates
N
Rental Rates
Q
Rental Rates
Q
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
N
Vacancy
Q
Vacancy
N
Vacancy
Q
Absorption
N
Absorption
P
Absorption
N
Absorption
P
Rental Rates
N
Rental Rates
P
20 Rental Rates
Q
Rental Rates
P
