Home Builder Developer - Interior Renovation and Design

While many tourists flock to America's panhandle looking for sand and sunshine, Florida's retail development market is doing the opposite: moving indoors.

MIAMIWhile many tourists flock to America's panhandle looking for sand and sunshine, Florida's retail development market is doing the opposite: moving indoors. According to JLL research launched today at the International Council of Shopping Centers Florida Conference in Orlando, nearly half of all retail commercial construction happening in the state in the first half of 2014 is taking place in malls and shopping centers.

While most markets are seeing a boom in grocery-anchored power centers or strip centers, Florida has a distinct need for traditional retail assets thats driven by the tourist shopper base, which prefers a one-stop shop for their goods along with a climate controlled experience, says John Schupp, SVP of retail development at JLL.

Floridas construction numbers stand in stark contrast to the rest of the country, where the retail development pipeline remains slim, with just 45 million square feet nationwide under construction. However, Florida benefits from expanding retailers and increasing investment allocations. More than 29% of all new retail deliveries in the United States in the second quarter of 2014 occurred in Florida, and its major cities are absorbing the space well. Tampa, which has historically been a strong US tourist destination, is seeing the most robust growth with 1.43 million square feet of space under construction as of Q2 2014. Miami, which is a strong international city and one of the tightest Florida markets, has 1.42 million square feet under construction, the greatest amount of development in proportion to its existing inventory. These two locales are leading examples of resilient markets that have the fundamentals and key drivers to support additional supply.

The Florida retail market shows no sign of slowing, despite its loss of momentum during the Recession. Development in the state accounts for nearly 13% of retail assets under construction nationwide, and a tidal wave of space is expected to come to fruition in the next 9 to 12 months in South Florida. Liquidity in the financial markets has continued to rise to pre-recession levels, increasing the ability to develop new retail assets, or redevelop older properties.

Local, regional and national banks are the most viable sources available for development financing in core markets like Florida, that are in need of new supply. While not as common, we are also seeing life companies open their ledgers for construction-to-permanent financing, especially for strong grocery-anchored assets, according to Jimmy Board, EVP of JLLs capital markets. Beyond the debt markets, there is a significant amount of institutional equity seeking the opportunity to invest in new and/or stabilized core retail product.

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Sunshine States Construction Comeback

DUBAI, UAE (PRWEB) September 04, 2014

Seeking to both expand and strengthen its base in the Middle East, Inpros Dubai Middle East operation has entered into a distributorship agreement with Quadros International. The new pact covers sales and marketing of Inpro products in the country of Qatar.

From its original founding, Quadros focus was to support the interior decorating and finishing requirements for the residential and commercial construction industry in the GCC , Middle East & North Africa (MENA) regions. In its agreement with Inpro, Quadros will market and distribute the entire range of products and services, including: IPC Door and Wall Protection Systems, JointMaster Expansion Joint Systems and Clickeze Privacy systems.

When you consider where Quadros is positioned, its fit as a distributor could not be any better from our perspective, said Christopher Gould, head of Inpros Dubai Middle East operations. The added bonus for us is that Quadros is a top-flight organization with tremendous reach, expertise and financial strength. For us, its going to be great having a partner like that to work with they understand our products, and they have tremendous depth in construction and project management.

We have watched the construction industry become more sophisticated, and today applies international standards product and services, said Panos Athanasopoulos, Managing Director of Quadros International. We are honored Inpro trusted us with the responsibility of representing their products and services in the most-demanding projects currently under construction and development. He added that, Inpros decision to bring all the brands under one umbrella can only be beneficial to the local industry since Quadros will be available to service all requirements irrespective of the type of project be it Healthcare, Hospitality or Commercial

# # #

About Inpro

Since 1979, Inpro has been making and servicing products with an obsessive commitment to protecting the appearance of buildings and the health and safety of the people who use them. Inpro is the worlds premier manufacturer of door and wall protection, washroom systems, expansion joint systems, privacy systems and architectural signage.

To learn more, visit Inpros website.

About Quadros International

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Inpro Dubai operation enters distributorship agreement with Quadros International

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