5% vacancy for the office sector has been quoted as a healthy level to ensure mobility. What does that really mean? The best way is to show you an example from our community.

1. Manatee County Commissioners decide to convey the property at 4410 66th Street currently utilized by the Manatee County Utilities Department to The Tunnel to Towers Foundation in order to provide affordable housing to Veterans. What happens to the Manatee County Utilities Department?
2. Manatee County purchases a building at Wildwood Professional Center, 3647 Cortez Road, for Manatee County Utilities to perform their operations. But what of the existing tenant?
3. The existing tenant, Verisk Casualty Solutions, used the opportunity of the sale of the building to right-size their operations and relocate. Where did they go?
4. Emerson Automation Solutions decides to leave their 20,000 sf office at Bradenton Financial Center and Verisk Casualty Solutions was able to move into half of the space to continue their operations.
This is Mobility.