Home / The Corridor Report / Week of September 28, 2026
The Corridor Report · Issue No. 10 · Week of September 28, 2026

A wet August, and a
record-low Ichetucknee.

16.85 in.Twelve-month rainfall deficit in the Suwannee River district, even after a wet August.

The Suwannee River Water Management District recorded 9.43 inches of rain in August, about 23 percent above normal. On August 31 the Ichetucknee River at U.S. 27 still set its lowest daily flow on record, and the Upper Floridan Aquifer, the source corridor wells and springs draw on, ended the month near the 24th percentile. The district’s 12-month rainfall deficit stands at 16.85 inches, and it remains under a Modified Phase II Water Shortage Order. WUFT, reporting with the Florida Springs Institute, counts nine North Central Florida springs that stopped flowing in 2026.

Sources: Suwannee River Water Management District · WUFT · Florida Springs Institute
The corridor this week

What else is worth knowing this week?

64%

Who draws the district’s groundwater

Agriculture accounts for 64 percent of groundwater use in the Suwannee River district. A 2024 district study tied the long-term decline in spring flow in part to groundwater pumping.

Source · WUFT / FL Springs Institute, Sep 2026
About 1/3

Poe Spring was low before the drought

Florida Springs Institute scientist Bill Hawthorne puts Poe Spring’s flow near a third of its historical level. Its park near High Springs closed. White Springs first went dry in 1977.

Source · WUFT / FL Springs Institute, Sep 2026
14 months

A springs national park, no hearing

H.R. 4656 would order a federal study of a 2,800 square mile park across the Ocala National Forest, Silver Springs and Paynes Prairie. Since July 23, 2025: two actions, introduction and referral.

Source · GovInfo, H.R. 4656 status, Sep 2026
By the numbers

What do the numbers say this week?

FigureWhat it measuresThe latest readSource
7.28%30-yr fixedUp 25 basis points in a week. A year ago 6.34%. Highest since Nov 2023.Freddie Mac · Oct 1 2026
$415,000FL single-family medianClosed sales down 1.5%, inventory down 13% from a year earlier.FL Realtors · Aug 2026
$290,000Marion single-family median4.8 months of supply, 61 days to contract.FL Realtors / OMCAR · Aug 2026
$1,020Alachua Citizens premiumMarion $1,263, Levy $1,385, Sumter $1,728. Statewide average $1,843.Citizens / FL OIR · Apr 2026
266,231Citizens policies in forceDown from a 2023 peak of 1.4 million. Four more OIR rate cuts in September.Insurance Journal / OIR · Aug 2026
$4.12FL average gasOcala $4.13, Gainesville $4.19 a gallon.AAA · Sep 15 2026
What changed this week

What changed in the corridor this week?

On the ground

Downtown Ocala lost three long-running storefronts; the city is weighing $500,000

Ocala’s Community Redevelopment Agency is weighing a Downtown Retail and Restaurant grant to replace a $50,000 commercial grant with awards up to $150,000 per project. It follows the closing of a 16-year boutique, an 18-year pantry and a 17-year restaurant. CRA grant applications have been frozen since July 31 while staff rewrite the program.

Source · 352today · Oct 2026
The numbers

Marion’s largest one-year gain on record: 19,197 people, mostly outside city limits

UF’s Bureau of Economic and Business Research puts Marion County at 447,170 residents on April 1, 2026, up 19,197 in a year, a 4.49 percent gain and the largest on record. The prior year added about 14,000. Unincorporated Marion took 16,941 of the new residents, rising 4.86 percent to 365,261.

Source · UF BEBR via Ocala-News · Sep 2026
The investor

Short-term rentals, part two: Gainesville listings fell 24%, occupancy rose

AirDNA counts 1,401 active Gainesville short-term rentals, down 23.9 percent year over year, at 51 percent occupancy and a $162 average nightly rate. Occupancy rose 4.5 percent from August 2025 to August 2026. In Ocala, covered in Issue 09, AirROI counted supply up 35.9 percent and revenue per listing down 13.5 percent.

Source · AirDNA, Sep 2026; AirROI, Jul 2026
The climate

The latest on El Nino: forecasters expect a wetter, stormier Florida winter

Forecasters on Florida Public Radio’s emergency network expect the subtropical jet to shift across the peninsula after New Year’s. Central and South Florida average about twice the normal tornado count in an El Nino winter. The 1998 Central Florida outbreak, in a strong El Nino, killed 42 people, a state record.

Source · WUSF, Sep 22 2026; NOAA CPC, Sep 10
What to watch

What should you watch next?

The feature · the drivers

Three exits, three
different bets.

Three projects along Interstate 75 moved between August and October: a mixed-use district across from the planned Buc-ee’s, a subdivision near the US 27 interchange, and an FDOT study for a new Sumter County exit.

NW 49th Street, Marion

Unanimous first vote
535homes, at most
500hotel rooms
450,000sq ft commercial

Marion’s Planning and Zoning Board approved a land-use change on October 2 for 105 acres at NW 49th Street and NW 44th Avenue, across Interstate 75 from the planned Buc-ee’s. An equine-themed facility is under consideration, and the change allows uses from a truck stop to an amusement park. The County Commission votes October 20.

Source · WKMG ClickOrlando, Oct 2 2026

US 27 at NW 60th Avenue

Sent back for resubmittal
330single-family homes
83.8acres
9.975commercial acres

Golden Lake Development of Tampa filed the Stancils Pineywoods PUD near where US 27 meets Interstate 75. It needs a rezoning from agricultural, a public sewer extension and a traffic study. County staff marked it Requires Re-submit in August.

Source · Ocala-News, Sep 20 2026

CR 514, Coleman, Sumter

Industrial demand, per FDOT
2ndnew exit under study
PD&EFDOT study phase
435476-2FDOT project no.

FDOT is running a Project Development and Environment study for a new interchange at the County Road 514, Warm Springs Avenue, overpass in Coleman. FDOT cites rising transportation demand and development tied to recent industrial activity.

Source · FDOT via CFLRoads, Aug 26 2026
The read

The water under
the growth.

The number I keep coming back to is 16.85 inches. That is how far behind on rain the Suwannee River district sits over twelve months, and one wet August did not close it. The Ichetucknee hit its lowest flow ever recorded on August 31. Nine springs in our region stopped flowing this year. We sell this corridor on springs, and right now some of them are not running.

Put that next to Marion’s count. The county added 19,197 people in a year, a record, and 16,941 of them landed in unincorporated county, which mostly means a private well and a septic tank on the same aquifer. I am not saying growth caused the drought. The district’s own study points at pumping, mostly agricultural. I am saying the buyer moving onto five acres should know what is under it.

Then the rate. Freddie Mac put the 30-year at 7.28 percent on October 1, the highest since November 2023. Money got more expensive while the water got scarcer and the interstate kept pulling projects to its exits. None of that makes the corridor a bad bet. It makes due diligence the whole game this fall.

What does this mean for buyers, sellers, and investors?

For buyers

Buyer: on any well-and-septic property, put a well yield and water quality test in the inspection contingency. The aquifer closed August near the 24th percentile, and the 30-year is at 7.28 percent, so lock early.

For sellers

Seller: if your listing sells a spring, look at it before the photos. Nine regional springs stopped flowing in 2026. Lead with what is true now: the land, the well report, the insurance quote.

For investors

Investor: springs-tourism rentals around High Springs carry a water risk the pro forma does not show. Poe Spring’s park closed. Underwrite on a 16.85-inch rain deficit, not a brochure.

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