{"id":272,"date":"2025-11-04T15:18:00","date_gmt":"2025-11-04T15:18:00","guid":{"rendered":"https:\/\/primesitecre.net\/?page_id=272"},"modified":"2025-11-04T15:22:32","modified_gmt":"2025-11-04T15:22:32","slug":"open-carry-economic-risk","status":"publish","type":"page","link":"https:\/\/primesitecre.net\/?page_id=272","title":{"rendered":"Open Carry &#038; Economic Risk"},"content":{"rendered":"\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n    <meta charset=\"UTF-8\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n    <title>Open Carry and Economic Risk for Florida Commercial Property Owners<\/title>\n    <style>\n        body {\n            font-family: Arial, sans-serif;\n            line-height: 1.4; \/* Tighter line height for better readability *\/\n            margin: 20px;\n            padding: 0;\n            color: #333;\n        }\n        h1 {\n            font-size: 1.8em; \/* Slightly larger heading for prominence *\/\n            margin-bottom: 5px; \/* Tighter spacing *\/\n            color: #2c3e50; \/* A professional dark color *\/\n        }\n        h2 {\n            font-size: 1.4em;\n            margin-top: 25px;\n            margin-bottom: 5px;\n            color: #34495e;\n            border-bottom: 2px solid #34495e; \/* Prominent separator *\/\n            padding-bottom: 3px;\n        }\n        h3 {\n            font-size: 1.1em;\n            margin-top: 15px;\n            margin-bottom: 5px;\n            color: #2980b9;\n        }\n        p, ul, ol {\n            margin-bottom: 10px; \/* Tighter spacing for paragraphs and lists *\/\n        }\n        ul, ol {\n            padding-left: 20px;\n        }\n        li {\n            margin-bottom: 5px; \/* Tighter spacing for list items *\/\n        }\n        a {\n            color: #007bff;\n            text-decoration: none;\n        }\n        a:hover {\n            text-decoration: underline;\n        }\n        .author-info {\n            font-style: italic;\n            margin-bottom: 15px;\n            font-size: 0.95em;\n        }\n        .section-header {\n            font-weight: bold;\n            margin-top: 20px;\n            margin-bottom: 5px;\n            padding-bottom: 3px;\n        }\n        .highlight {\n            font-weight: bold;\n            color: #c0392b; \/* Highlight key financial\/legal terms *\/\n        }\n        .callout {\n            background-color: #f0f8ff;\n            border-left: 5px solid #2980b9;\n            padding: 10px 15px;\n            margin: 20px 0;\n        }\n        .source-list {\n            list-style-type: none;\n            padding-left: 0;\n            font-size: 0.85em;\n            margin-top: 20px;\n        }\n        .source-list li {\n            margin-bottom: 3px;\n        }\n    <\/style>\n<\/head>\n<body>\n\n    <h1>Open Carry and Economic Risk for Florida Commercial Property Owners<\/h1>\n    <div class=\"author-info\">\n        <p>By Karen E. Matroni, CSM<\/p>\n    <\/div>\n\n    <h2>Open Carry in Florida: A Hidden Liability for Commercial Property Owners<\/h2>\n    <p>Florida\u2019s shift toward more permissive gun carry laws introduces a layer of risk that many property owners may not fully appreciate\u2014especially for retail and shopping center landlords.<\/p>\n    <p>Combine that with looming economic uncertainty, rising vacancies, tenant bankruptcies, and uncollectable rent, and the operating environment for commercial properties is becoming more volatile than ever.<\/p>\n    <p class=\"callout\">As you evaluate your risk exposure, consider engaging a third-party property inspection and risk assessment to identify liabilities before they become legal or financial liabilities.<\/p>\n\n    <h2>Open Carry &#038; Premises Liability: What Property Owners Should Know<\/h2>\n    <p>Florida allows open carry under certain conditions, and more retail tenants (including major chains) permit it on their premises.<\/p>\n    <p>This trend increases the potential for incidents that must be addressed under <span class=\"highlight\">premises liability law<\/span>.<\/p>\n    <p>In Florida, a property owner owes a duty of care to visitors, customers, and tenants to maintain a reasonably safe environment\u2014and in some cases that includes safeguarding against foreseeable criminal acts like shootings. (<a href=\"https:\/\/www.steinlaw.com\/\" target=\"_blank\">SteinLaw.com<\/a>)<\/p>\n    <p>When a shooting or violence occurs at a retail or mixed-use property, plaintiffs often examine whether the property owner should have reasonably anticipated such an event and taken preventive security steps (e.g., lighting, surveillance, access control, security patrols). (<a href=\"https:\/\/www.steinlaw.com\/\" target=\"_blank\">SteinLaw.com<\/a>)<\/p>\n\n    <p class=\"section-header\">Legal and insurance verdicts underscore the risk:<\/p>\n    <ul>\n        <li>In Florida, a property owner was hit with a <span class=\"highlight\">$3.2 million verdict<\/span> in a tenant-shooting case; the insurer later fought coverage based on notice or exclusion arguments. (<a href=\"https:\/\/www.portstlucietalks.com\/\" target=\"_blank\">Port St. Lucie Talks<\/a>)<\/li>\n        <li>A Florida lodge shooting led to litigation involving claims of **\u201cbad-faith\u201d insurance behavior** when insurers allegedly failed to properly defend the insured property owner. (<a href=\"https:\/\/www.wusf.org\/\" target=\"_blank\">WUSF<\/a>)<\/li>\n        <li>In a separate Florida case, a bar brawl turned deadly, resulting in a multimillion-dollar negligent security verdict against the property owner. (<a href=\"https:\/\/www.insurancenewsnet.com\/\" target=\"_blank\">Insurance News | InsuranceNewsNet<\/a>)<\/li>\n    <\/ul>\n\n    <p>These examples highlight how gun-related incidents can escalate from tragic events to catastrophic liability for property owners.<\/p>\n    <p>One complicating factor is insurance policy language. Some general liability or \u201cassault &#038; battery\u201d exclusions may try to limit coverage for gun-related incidents.<\/p>\n    <p>However, courts do not always allow carriers to disclaim coverage\u2014especially when the underlying allegations include **negligence or foreseeability** rather than intentional wrongdoing. (<a href=\"https:\/\/www.butlerweihmuller.com\/\" target=\"_blank\">Butler Weihmuller Katz Craig LLP<\/a>)<\/p>\n    <p>In short: a property owner who fails to assess or mitigate firearm-related risk may expose their asset and net worth to lawsuits, uninsured portions of liability, and elevated insurance premiums.<\/p>\n\n    <hr style=\"border: 0; border-top: 1px solid #ccc; margin: 20px 0;\">\n\n    <h2>Economic Risks: The Credit Squeeze &#038; Real Estate Pressure<\/h2>\n    <p>Amid increasing liability risk, property owners must also navigate a tougher economic environment. Consider these headwinds:<\/p>\n\n    <h3>1. Credit and Lending Pressure \/ Credit Crisis Risk<\/h3>\n    <p>Many analysts now view commercial real estate (CRE) as a potential stress point for broader credit markets.<\/p>\n    <p>In a Bank of America survey, about 34% of fund managers ranked U.S. commercial real estate as the most likely source of a future credit event. (<a href=\"https:\/\/www.marketwatch.com\/\" target=\"_blank\">MarketWatch<\/a>) Deloitte\u2019s 2026 real estate outlook echoes growing concern over capital availability and credit tightening. (<a href=\"https:\/\/www.deloitte.com\/\" target=\"_blank\">Deloitte<\/a>)<\/p>\n    <p>Tightening credit means refinancing becomes more difficult, and fewer buyers are available for assets in distress\u2014reducing liquidity in the marketplace.<\/p>\n\n    <h3>2. Vacancy Pressure &#038; Tenant Bankruptcies<\/h3>\n    <p>Rising interest rates and weaker consumer demand are already putting pressure on tenants, especially in discretionary retail categories.<\/p>\n    <p>Corporate bankruptcies spiked in 2024, reaching their highest level since 2010. (<a href=\"https:\/\/www.ft.com\/\" target=\"_blank\">Financial Times<\/a>) Real estate-related companies lead as prime candidates for distress filings. (<a href=\"https:\/\/www.epiqglobal.com\/\" target=\"_blank\">Epiq Legal Solutions<\/a>)<\/p>\n    <p>Retail forecasts include the possibility of 12\u201315 million square feet of additional vacant space entering the market, although backfill demand may soften the impact. (<a href=\"https:\/\/www.retailspecialists.com\/\" target=\"_blank\">Retail Specialists<\/a>)<\/p>\n    <p>Meanwhile, the broader snapshot for retail and office markets is sobering: commercial vacancy rates have climbed (for example, some reports peg a 7.4% vacancy rate in recent quarters). (<a href=\"https:\/\/www.oldrepublictitle.com\/\" target=\"_blank\">Old Republic Title<\/a>)<\/p>\n\n    <h3>3. Revenue and Lease Risk<\/h3>\n    <p>With tenant defaults, delayed rent payments, and shrinking margins, properties may see declining net operating income (NOI).<\/p>\n    <p>That places stress on debt service coverage ratios and valuation multiples.<\/p>\n    <p>The fall in property values over 2022\u20132024 was historic in that it occurred outside a textbook recession. (<a href=\"https:\/\/www.aew.com\/\" target=\"_blank\">AEW<\/a>)<\/p>\n    <p>In this environment, owners need more rigorous operational controls, risk mitigation, and forward-looking leasing strategies.<\/p>\n\n    <hr style=\"border: 0; border-top: 1px solid #ccc; margin: 20px 0;\">\n\n    <h2>Why Now Is the Time to Act<\/h2>\n    <p>Failure to audit your property\u2019s risk profile\u2014especially around firearm exposure\u2014can lead to <span class=\"highlight\">catastrophic financial consequences<\/span>.<\/p>\n    <p>Meanwhile, economic turbulence multiplies the downside when operations are too lean or reactive.<\/p>\n    <p class=\"callout\">You need a partner who not only identifies vulnerabilities but helps you stabilize your assets, maximize occupancy, and navigate renewals. That\u2019s where Prime Site Management can help.<\/p>\n\n    <h2>Partner with Prime Site Management<\/h2>\n    <p>Let us conduct a comprehensive risk assessment and property inspection across your portfolio\u2014starting with your flagship property.<\/p>\n    <p>We\u2019ll deliver a detailed report capturing:<\/p>\n    <ul>\n        <li>Security gaps and liability hot-spots<\/li>\n        <li>Lighting, access, and sight-line deficiencies<\/li>\n        <li>Tenant build-out vulnerabilities<\/li>\n        <li>Operational and lease risk indicators<\/li>\n    <\/ul>\n    <p>From there, we can architect a remediation and stabilization plan.<\/p>\n    <p>And if you choose to entrust us with property management and leasing, I\u2019ll offer you:<\/p>\n    <ul>\n        <li>Up to 1% discount on management fees<\/li>\n        <li>Competitive, cost-efficient leasing commissions tailored to your NOI<\/li>\n    <\/ul>\n    <p>In times of volatility, consistency is your greatest asset. Let Prime Site Management help you protect it.<\/p>\n\n    <hr style=\"border: 0; border-top: 1px solid #ccc; margin: 20px 0;\">\n\n    <h2>Sources &#038; References<\/h2>\n    <ul class=\"source-list\">\n        <li>\u201cFlorida Shootings and Premises Liability,\u201d SteinLaw. <a href=\"https:\/\/www.steinlaw.com\/\" target=\"_blank\">SteinLaw.com<\/a><\/li>\n        <li>\u201cInsurance Issues After Mass Shooting Occurrences,\u201d BaileyCav. <a href=\"https:\/\/www.baileycav.com\/\" target=\"_blank\">Bailey Cavalieri<\/a><\/li>\n        <li>\u201cFlorida $3.2M Apartment Shooting Verdict,\u201d Port St. Lucie Talk. <a href=\"https:\/\/www.portstlucietalks.com\/\" target=\"_blank\">Port St. Lucie Talks<\/a><\/li>\n        <li>\u201cInsurer Faces Bad-Faith Lawsuit Over Florida Shooting,\u201d WUSF. <a href=\"https:\/\/www.wusf.org\/\" target=\"_blank\">WUSF<\/a><\/li>\n        <li>\u201cFlorida negligent security verdict in bar brawl,\u201d InsuranceNewsNet \/ Lexology. <a href=\"https:\/\/www.insurancenewsnet.com\/\" target=\"_blank\">Insurance News | InsuranceNewsNet<\/a><\/li>\n        <li>\u201c2026 Commercial Real Estate Outlook,\u201d Deloitte. <a href=\"https:\/\/www.deloitte.com\/\" target=\"_blank\">Deloitte<\/a><\/li>\n        <li>\u201cU.S. Commercial Real Estate Seen as Potential Credit Crisis,\u201d MarketWatch (Survey). <a href=\"https:\/\/www.marketwatch.com\/\" target=\"_blank\">MarketWatch<\/a><\/li>\n        <li>\u201cU.S. Corporate Bankruptcies Hit 14-Year High,\u201d Financial Times. <a href=\"https:\/\/www.ft.com\/\" target=\"_blank\">Financial Times<\/a><\/li>\n        <li>\u201cCommercial Bankruptcies on the Rise,\u201d Epiq Global. <a href=\"https:\/\/www.epiqglobal.com\/\" target=\"_blank\">Epiq Legal Solutions<\/a><\/li>\n        <li>\u201c12\u201315 Million SF Added Vacancy,\u201d Retail Specialists Forecast. <a href=\"https:\/\/www.retailspecialists.com\/\" target=\"_blank\">Retail Specialists<\/a><\/li>\n        <li>\u201cCommercial Vacancy &#038; Rent Trends Q3 2025,\u201d Old Republic Title. <a href=\"https:\/\/www.oldrepublictitle.com\/\" target=\"_blank\">Old Republic Title<\/a><\/li>\n        <li>\u201cCommercial Property Values Declines 2022\u20132024,\u201d AEW \/ Research Perspective. <a href=\"https:\/\/www.aew.com\/\" target=\"_blank\">AEW<\/a><\/li>\n    <\/ul>\n\n<\/body>\n<\/html>\n","protected":false},"excerpt":{"rendered":"<p>Open Carry and Economic Risk for Florida Commercial Property Owners Open Carry and Economic Risk for Florida Commercial Property Owners By Karen E. Matroni, CSM Open Carry in Florida: A Hidden Liability for Commercial Property Owners Florida\u2019s shift toward more permissive gun carry laws introduces a layer of risk that many property owners may not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-272","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/pages\/272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/primesitecre.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=272"}],"version-history":[{"count":2,"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/pages\/272\/revisions"}],"predecessor-version":[{"id":280,"href":"https:\/\/primesitecre.net\/index.php?rest_route=\/wp\/v2\/pages\/272\/revisions\/280"}],"wp:attachment":[{"href":"https:\/\/primesitecre.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}