We’re seeing the local economy in East Volusia County recover and begin to thrive once again, with continued increases in the price of residential and commercial real estate. Increases in monthly rent for Port Orange commercial space for lease and an increase in asking prices and final sale prices for Port Orange commercial real estate show signs of a stronger economy for this area. This includes office property, retail property and industrial properties for lease and for sale in Port Orange, with an overall decrease in the average days on the market.
What does this mean for our area? We will see fewer commercial space for rent signs around Port Orange as businesses expand, relocate, or open up shop in our area. These new businesses will bring jobs and added revenue for our local economy, along with providing goods and services for our residents in convenient locations, reducing the need to travel to larger cities for shopping, entertainment or dining.
A Look at the Port Orange Commercial Property Numbers for January 2014
Prices for Port Orange Office Property for Sale
Increase of +0.5% compared to 3 months prior
Increase of +3.5% compared to January of 2013
Port Orange’s office properties for sale have prices 1% higher than the average for Volusia County.
The median days on the market for our area has decreased by 2.2% for the three months prior and decreased 6.9% when compared to January of 2013.
Prices for Port Orange Industrial Property for Sale
Increase of +1.0% compared to 3 months prior
Increase of +2.5% compared to January of 2013
The median days on the market for our area has decreased by 6.7% for the three months prior and decreased 2.7% when compared to January of 2013.
Prices for Port Orange Office Property for Lease
Increase of +0.5% compared to 3 months prior
Increase of +3.5% compared to January of 2013
Prices for Port Orange Industrial Property for Lease
Increase of +2.3% compared to 3 months prior
Increase of +5.2% compared to January of 2013
* Information provided by LoopNet.com.
What This Means for Our Business
For All Aboard Properties, a family-owned business with many commercial, residential, retail and industrial properties in East Volusia County, this is the type of market activity that fuels our organization and allows us to grow the business, hire additional employees, and provide commercial space for lease to small local businesses across a wide range of industries. The Clark Office Building at 5111 S. Ridgewood Ave is currently 100% occupied. This impressive, three story glass building has office suites that are home to a variety of businesses, including a Yoga studio, medical research facility, law firm, real estate, and counseling center. It’s also the home of our corporate headquarters for All Aboard Properties, formerly known as Clark Properties.
Additional Port Orange office space for lease is available at Regency Plaza, located at 5656 Isabelle Avenue, and the Port Orange Storage facility on Nova Road offers office suites for small businesses who are looking for a remote office, with Wi-Fi and front desk mail service. We also offer professional space for lease in South Daytona, at the Sunshine Park Mall. There is a variety of commercial and retail space for lease, both large and small, which is anchored by large retailers like Publix, Radio Shack, AT&T and CVS.