ORLANDO—The University of Florida (UF) just picked Franklin Street to handle strategic leasing assignments. That makes Franklin one of only two approved vendors in the state.
As one of the largest educational institutions in Florida, UF currently leases more than 350,000 square feet of commercial real estate in Gainesville, South Florida, Orlando, Jacksonville, and the Florida panhandle. Franklin will represent the university as a tenant. As UF expands, it seeks new leases and, of course, renewals.
Clay Wommack, Franklin Street’s director of office and industrial agency leasing, will lead this new account. GlobeSt.com asked him about the state of the market around UF.
“The Gainesville market is very healthy at approximately 94% occupied with trending rental asking rates on the upward side,” Wommack tells GlobeSt.com. “The University of Florida is one of the largest tenant’s in the Gainesville market, having more than 165,000 square feet of product they lease outside of the university campus. Many of the locations UF leases are connected with their health care programs and the university’s medical school.”