Welcome to Ocala
Known for its serene natural beauty, waterways and greenways, the Ocala area is also home to state-of-the-art healthcare, a bustling downtown, and a strong local economy. Situated in a quiet area of north central Florida known officially as the “Horse Capital of the World” dotted with equestrian estates and stately oak trees, Ocala is also a fast-growing commercial, medical and industrial center.
Ocala is part of the area known as the ‘Golden Triangle’, along with Orlando and Tampa, and has become home to many national and international companies including FedEx, Chewy, and AutoZone. The FedEx Ground hub is located within the expansive Ocala 489 Commerce Park just off I-75, and the 420,000-sf industrial facility kickstarted a major new logistics center ensuring Ocala’s position as a significant statewide player in Florida’s flourishing e-commerce economy.
The city is also proud of its historic downtown, which anchors this increasingly progressive city, and which is home to a vibrant symphony orchestra and a popular civic theater. The retail scene in Ocala is established and growing, offering everything from small businesses to big-box mega centers, shopping centers and two regional malls.
Most notably, equestrians around the world recognize Ocala as home to over 1,200 horse farms on more than 77,000 acres representing iconic breeds. The city also hosts major equestrian competitions and will soon to be the home of the magnificent World Equestrian Center at Golden Ocala, a sprawling facility that will draw horse enthusiasts from around the globe.
Florida Real Estate Weekly Snapshot May 18, 2020May 25, 2020With regard to rent collection, the general consensus is that as companies have gotten their federal stimulus money, they have increasingly been more able to cover their rent. Rent collection to date for May is similar to what was collected in April. Many office and industrial landlords have been deferring rent at 0% interest with a payback over the remainder of the term, or at the end of the year.
Florida Real Estate Weekly Snapshot May 11, 2020May 11, 2020Demand for cold storage space, which was already on the rise in Florida, is seeing a stronger uptick during the coronavirus pandemic. Online grocery sales reached a record high during April, with shoppers spending $5.3 billion on orders for delivery and pickup, a 37% jump over the previous month. Consumers are reporting weeks-long waits on Instacart, Shipt and other leading platforms as demand far outpaces the supply of available workers and groceries.
Florida Real Estate Weekly Snapshot May 1, 2020May 1, 2020According to a recent report from Dodge Data & Analytics, construction starts in South Florida were down by 53% in March due to COVID-19. The spread of the virus resulted in a major slowdown in several municipalities’ processing time for building permits and some developers have chosen to put projects on hold due to economic uncertainty.