DESTIN — R. Bryan Deane, Legendary Realty LLC vice president, has completed office lease transactions in Regatta Commons with new commercial tenants, according to a company media release.
New tenants are the Virga Law Firm PA; Elite Exteriors LLC; Proactive Data Solutions LLC; and VDT Construction LLC. In addition, Morgan Stanley & Co. Inc. and Coldwell Banker Residential Real Estate also renewed their leases in Regatta Commons.
“The market has certainly tightened for office space in the Destin surrounding area,” Deane said. “The impact of Hurricane Michael displacing businesses in Panama City and the factor is some businesses have purchased and occupy buildings that were once previously available for lease."
According to Deane, commercial rental rates in the Destin's surrounding areas increased over 15 percent from this time last year.