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outhwest Florida's real estate market was marked by a harmonious balance of opposing forces in 2024, as the region's thriving online retail sector coexisted with steady population growth. This yin-yang dynamic played out in several high-profile transactions that highlighted the enduring value of established shopping centers and industrial warehouses.

    While some predicted the demise of brick-and-mortar stores, property appraiser Matt Simmons notes that "retail is still a powerhouse." The COVID-19 pandemic accelerated online shopping trends, but even with 16% annual revenue growth from 2020 to 2024, as reported by Capital One bank, in-person sales still account for over 80% of retail revenue. This reality underscores the continued importance of shopping centers and their potential for long-term appreciation in value.