Land has normally been the key to gauging whether the current economy is still in a trough or taking an upward climb toward normalcy. Well, if the past two months are an indication, land is back in play and the months ahead should bode well for all other commercial sectors.

We are finding a significant increase in owners wanting to list their acreage. More flexibility regarding valuations and lower interest rates are making it easier for additional players to obtain financing for new acquisitions.

There remains a large number of single-family lots and homes yet to be absorbed surrounding Tampa Bay. However, the entitlement process for some tracts takes months, if not years, and now is the time for owners to put their acreage back in play.

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