Effects of Hurricane Charley still felt
Q: Could you explain how Hurricane Charley disrupted the Charlotte County commercial real estate market?
A: It reduced retail, professional office and industrial space by 30 percent, and about 50 percent of that is still missing. That’s created a situation where demand is still greater than supply, which has led to higher lease rates and prices per square foot.
Charley’s effects linger in Charlotte [Herald-Tribune]