Quarterly Performance Report: Q1 2017

Quarterly Performance Report: Q1 2017

Posted on: May 4, 2017

Q1 MSR Performance Report

MSR Holdings Inc. Q1 Performance

At the end of the first quarter of 2017, we had locked in a total of $4.2 Million in acquisitions while our development arm continued to grow with over $35 Million in Canadian development projects under management.

“Florida remains an investment hotspot for foreign investors looking for strong economic fundamentals. As such, strength continues to build in Florida with signs of lower cap rates being used by sellers of commercial properties, particular medical, retail, and office.”

– Narinder Seehra, Chief Executive Officer

As we enter the next quarter (Q2 2017), we are filling the remaining investor availability on these excellent commercial real estate investment opportunities in Florida:

21 century commercial propertyalderwood medical office building

As always, our readers will be the first to know as we bring more exclusive US commercial investment opportunities to our select investors.

Join the registry to receive property notifications.

An Overview of Florida’s Commercial Real Estate Market for Q1 2017

Optimism dominates in Florida as the first quarter of 2017 closed with Orlando office net absorption at over 133,000 sq. ft. dispersed over four of the six submarkets (Maitland, East Orlando, South Orlando, and Downtown).

Furthermore, three multi-tenant office buildings are currently under construction in the Orlando MSA that total 384,000 sq. ft. The most recent release from the Bureau of Labor and Statistics ranks Orlando first in the nation for year-over-year job growth. The city was also ranked 28th in the nation for best places for careers and business – Orlando was the highest-ranked metro in Florida.

The retail market has witnessed a rapid decline in vacancy and steady but growing lease rates. Lease rates in sought after locations, such as the major tourist corridor of International Drive, are seeing record growth in lease rates. Expansion of national and international restaurant and retail brands has also occurred in recent years, a trend that is expected to continue.

Q1 Orlando Vacancy Rates:

  • Office vacancy rates are 10.4%; down 340 basis points from Q1 2016.

Q1 Orlando Average Asking Rental Rates:

  • Office rental rates are $20.97 per sq. ft.; up $0.86 from Q1 2016.

With diverse employment opportunities, a growing population, and construction on the rise, Florida shows signs of solid economic growth for 2017. This economic growth combined with Orlando’s notoriety on a global scale will continue to draw interest from domestic and international buyers alike. Competitive and projected stable cap rates will offer buyers the opportunity to find higher investment returns and portfolio diversity.

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.

You may also be interested in: