Quarterly Performance Report: Q2 2017

Quarterly Performance Report: Q2 2017

Posted on: August 9, 2017

Quarterly Performance Report: Q2 2016MSR Holdings Inc. Q2 Performance

At the end of the second quarter of 2017, we had locked in a total of $5.5 Million in acquisitions while our development arm continued to grow with over $50 Million in Canadian development projects under management.

“ According to Trulia, Florida has the top 3 strongest real estate markets in the USA for 2017, combined with heading into some of the highest numbers ever reached on the stock market, confidence remains high amongst investors targeting Florida.”

– Sunny Matharoo, President & COO

As we enter the next quarter (Q3 2017), we are filling the remaining investor availability on these excellent commercial real estate investment opportunities in Florida:

August16th - Pavilion cropped final

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An Overview of Florida’s Commercial Real Estate Market for Q2 2017

Orlando’s commercial real estate market continues trending upward in the second quarter of 2017. This market absorbed 387,949 sp. ft. urged on by sizable investments in the Lake Mary and Maitland submarkets. This performance prompted yields to jump 8 points, continuing year-over-year improvement since 2012.

With 350,000 sq. ft. of new commercial space expected next year, Orlando’s real estate market is adding new opportunities for investment, reflecting the city’s energetic economic development.

Employment has also improved; over 40,000 new jobs were added in the last quarter. The US Department of Labor’s new data showed a drop in unemployment in Orlando to 3.6%, below both state and national averages.

Q2 Orlando Vacancy Rates

  • Office vacancy rates are 9.5%; down 320 basis points from Q2 of 2016.

Q2 Orlando Average Asking Rental Rates

  • Office rental rates are $21.73 per sq. ft.; up $1.62 from Q2 2016.

Orlando continues to perform well against national averages, as predicted by Marcus and Millichap’s 2016 projections, and reflect Florida-wide positive trends. Given the state’s low unemployment rates, increase in market activity, and rising consumer confidence, the Orlando market is poised to continue its climb into Q3 and Q4 of 2017.

MSR Holdings Inc. acquires exclusive commercial real estate investment opportunities in the US and Canada, providing sophisticated investors with profitable portfolio diversification opportunities. Contact us today to discuss becoming one of our select investors.

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