2011 NAIOP<br />TAMPA BAY<br />LAND BROKER UPDATE<br />PRESENTED BY<br />BRUCE ERHARDT<br />
BIG PICTURE<br />“So goes economic growth / business activity, so goes the land business.”<br />
Big Picture<br />
Big Picture<br /><ul><li>Florida - Governor Scott</li></ul>“Be like      Texas.”<br />
Big Picture<br /><ul><li>Regional – Super region Gainesville, Space Coast, Orlando and Tampa.  Distribution, healthcare, e...
Trends<br /><ul><li>Residential single family – closer the better. Shortage of A lots.  Golf is out, trails and wide sidew...
Multifamily Residential – Close in, higher density.</li></li></ul><li>Trends<br /><ul><li>Retail – Necessity tenants like ...
Industrial – Western hemisphere Map, Supply chain – Florida becomes like Singapore, supplying Europe, Africa, Central and ...
Trends<br /><ul><li>Office – Large users – Pasco got 1, maybe a second in the 50 acres+ range; Hillsborough has 5 – 10 acr...
Government – Lower impact fees.  The market is demanding clarity, certainty and speed (just as important as fees).</li></l...
Growth in the “B” and “C” markets.Not every employer is an “A”.</li></li></ul><li>Deals of Note<br /><ul><li>Three purchas...
Bruce Erhardt, Land
Bruce Erhardt, Land
Bruce Erhardt, Land
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Bruce Erhardt, Land

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Bruce Erhardt, Land

  1. 1. 2011 NAIOP<br />TAMPA BAY<br />LAND BROKER UPDATE<br />PRESENTED BY<br />BRUCE ERHARDT<br />
  2. 2. BIG PICTURE<br />“So goes economic growth / business activity, so goes the land business.”<br />
  3. 3. Big Picture<br />
  4. 4. Big Picture<br /><ul><li>Florida - Governor Scott</li></ul>“Be like Texas.”<br />
  5. 5. Big Picture<br /><ul><li>Regional – Super region Gainesville, Space Coast, Orlando and Tampa. Distribution, healthcare, education, Green City – Kitson, tourism, agricultural, business services, cross business services, life sciences.</li></li></ul><li>Big Picture<br /><ul><li>Local Drivers –USF, Tourism, TIA, MacDill, Port of Tampa/Manatee. Growth financial services, cross business services - CitiGroup, PWC, T. Rowe Price, J.P. Morgan. </li></li></ul><li>Big Picture<br /><ul><li>Local land sales YTDin Pasco, Hillsborough and Pinellas – there have been 164 land sales over $250,000. Eshenbaugh Land Company has done 26. According to Dean Saunders, YTD 35,000 acres of conservation easements, 57,000 acres ag, 10,000 acres for recreation have been sold. Total of 102,000.</li></li></ul><li>Values – Peak to Now<br />Callout text Callout text Callout text Callout text Callout text Callout text Callout text Callout text Callout text<br />Callout text Callout text Callout text<br />
  6. 6. Trends<br /><ul><li>Residential single family – closer the better. Shortage of A lots. Golf is out, trails and wide sidewalks are #1 amenity, according to ULI.
  7. 7. Multifamily Residential – Close in, higher density.</li></li></ul><li>Trends<br /><ul><li>Retail – Necessity tenants like Publix, Wal-Mart, Convenience stores/gas, CVS, Wal-Mart, Fast Food. Target, Home Depot and Lowe’s have been out of the Tampa market for three years.
  8. 8. Industrial – Western hemisphere Map, Supply chain – Florida becomes like Singapore, supplying Europe, Africa, Central and South America. Parts made in the US, assembled in Europe and consumed outside the U.S.</li></li></ul><li>Big Picture<br />
  9. 9. Trends<br /><ul><li>Office – Large users – Pasco got 1, maybe a second in the 50 acres+ range; Hillsborough has 5 – 10 acre office park sites, A quality. Quality is important.
  10. 10. Government – Lower impact fees. The market is demanding clarity, certainty and speed (just as important as fees).</li></li></ul><li>Trends<br /><ul><li>Growth markets - SR 54-SR 56 Corridor. Wesley Chapel, Lakewood Ranch and Pinellas redevelopment.
  11. 11. Growth in the “B” and “C” markets.Not every employer is an “A”.</li></li></ul><li>Deals of Note<br /><ul><li>Three purchases by Canadian – Frank Stronach, totaled $49,876,800 for 30,376 acres. Raise cattle.</li>

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