Charlotte County commercial

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Effects of Hurricane Charley still felt

Thurston Martin, an agent with Coldwell Banker Commercial Sunstar Realty, has been operating in the Charlotte County market since 1990 — the past eight years as a commercial real estate agent.

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]

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