Commercial comfort: As consumers' disposable income and spending rise, industry demand increases

The Commercial Leasing industry in Florida is poised to record robust gains over the five years to 2017. Some factors contributing to the industry's growth during the five-year period include various improvements in consumer markets, which have resulted in a rise in the number of state businesses and an overall decline in commercial rental vacancy rates. Several trends in major downstream industry markets will continue to support growth in both the short- and long-term. Over the five years to 2022, revenue growth is expected to decelerate. After years of robust growth for commercial space, the rental market in Florida is expected to slow down. Regardless, overall economic growth will support demand for more space, particularly from industrial and retail clients...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
4.9%
Forecast Growth 17-22
Profit
Employment
35,765
Businesses
26,354

Industry Threats & Opportunities

  • In the state’s major markets, rental prices have risen, further boosting industry revenue
  • Increases in demand for office space are driven by job growth and population increases
  • Like enterprises, the number of industry employees is also set to rise
  • Industry Report - Industry Analysis Chapter

    Over the past five years, the Commercial Leasing industry in Florida has fared well. Per IBISWorld estimates, the industry’s total revenue rose at an annualized rate of 4.9%. This rate of growth surpasses that of the state’s total Gross Domestic Product (GDP), indicating that its rise was above that over the state’s overall economy. The main drivers of this robust growth are the individual recoveries of downstream markets during the five-year period. As the general economy improved, consumers experienced increases in their income and spent more. This ultimately resulted in higher demand for space from retailers. Similarly, industrial markets experienced renewed demand for their products and demanded more space. Las...purchase to read more.

    Additional Insights for the Commercial Leasing in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Leasing in Florida Industry are

  • Financial structure of the company
  • Good project management skills
  • Management of a high-quality assets portfolio
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Florida and Consumer Spending in Florida in the Commercial Leasing in Florida industry impact industry performance..

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    What's in this report

    What is the Commercial Leasing in Florida Industry?

    Operators in this industry serve as lessors of buildings that are not used as residences or dwellings. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it to others, and establishments that provide full-service office spaces. This industry excludes general warehousing and storage companies, such as self-storage businesses.

    Industry Products
  • Renting retail buildings
  • Renting office buildings
  • Renting industrial buildings
  • Other services
  • Industry Activities
  • Renting or leasing office property
  • Renting or leasing property
  • Renting or leasing industrial property
  • Renting or leasing arena, convention or stadium property
  • Similar Industries
  • Public Storage & Warehousing
  • Specialized Storage & Warehousing
  • Apartment Rental
  • Property Management
  • Apartment Rental in California
  • Commercial Leasing in California
  • Storage & Warehouse Leasing in California
  • Apartment Rental in New York
  • Commercial Leasing in New York
  • Storage & Warehouse Leasing in New York
  • Apartment Rental in Illinois
  • Commercial Leasing in Illinois
  • Commercial Leasing in Texas
  • Apartment Rental in Texas
  • Apartment Rental in Florida
  • Apartment Rental in Massachusetts
  • Commercial Leasing in Massachusetts
  • Commercial Leasing in Ohio
  • Apartment Rental in Ohio
  • Apartment Rental in Pennsylvania
  • Commercial Leasing in Pennsylvania
  • Apartment Rental in New Jersey
  • Commercial Leasing in New Jersey
  • Commercial Real Estate in New Jersey
  • Apartment Rental in Georgia
  • Commercial Leasing in Georgia
  • Commercial Real Estate in Georgia
  • Apartment Rental in Michigan
  • Commercial Leasing in Michigan
  • Commercial Real Estate in Michigan
  • Apartment Rental in Wisconsin
  • Commercial Leasing in Wisconsin
  • Commercial Real Estate in Wisconsin
  • Apartment Rental in Washington
  • Commercial Leasing in Washington
  • Commercial Real Estate in Washington
  • Apartment Rental in Virginia
  • Commercial Leasing in Virginia
  • Apartment Rental in Tennessee
  • Commercial Leasing in Tennessee
  • Apartment Rental in Missouri
  • Commercial Leasing in Missouri
  • Apartment Rental in North Carolina
  • Commercial Leasing in North Carolina
  • Storage & Warehouse Leasing in North Carolina
  • Apartment Rental in Minnesota
  • Commercial Leasing in Minnesota
  • Commercial Real Estate in Minnesota
  • Apartment Rental in Maryland
  • Commercial Leasing in Maryland
  • Commercial Real Estate in Maryland
  • Apartment Rental in Colorado
  • Commercial Leasing in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Florida
  • Consumer Spending in Florida
  • Manufacturing GDP for Florida
  • Number of businesses in Florida
  • Yield on 10-year Treasury note

  • Current Performance
  • Downstream markets
  • Industry operations
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Industry operations
  • Table: Commercial Leasing in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Leasing in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Finance and Insurance
  • Retirement & Pension Plans
  • Accommodation and Food Services
  • Public Administration

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Property Management
  • Real Estate Sales & Brokerage
  • Utilities

  • Products & Services
  • Renting office buildings
  • Renting retail buildings
  • Renting industrial buildings
  • Other services
  • Chart: Commercial Leasing in Florida Industry Products and Services Segmentation

  • Major Markets
  • Office market
  • Retail market
  • Industrial market
  • Other markets
  • Chart: Major Market Segmentation for the Commercial Leasing in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and purchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Leasing in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Commercial Leasing in Florida Industry

  • Cousins Properties Inc., EastGroup Properties Inc., Kite Realty Group Trust, Regency Centers Corporation,
  • Table: Cousins Properties Inc. - financial performance
  • Table: EastGroup Properties Inc. - financial performance
  • Table: Kite Realty Group Trust - financial performance
  • Table: Regency Centers Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Leasing in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Commercial Leasing in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of businesses in Florida (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with its location, tenancy, amenities and overall desirability.
  • Leadership In Energy And Environment Design (Leed)
  • An environmental building certificate program established under the US Green Building Council that certifies buildings meet energy-efficiency and green requirements.
  • Leverage
  • The amount of debt used to finance a firm's assets. A firm that has a higher level of debt than equity is considered to be highly leveraged.
  • Occupancy Rate
  • The rate of available spots at a center or a building that are filled. A rate of at least 70.0% is necessary for a center to be profitable.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as a REIT, the entity must distribute at least 90.0% of taxable income.
  • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Commercial Leasing in Florida Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Leasing in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Leasing in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Leasing in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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