Explaining Tenant Improvement Allowances and How to Negotiate the Best Deal
Every lease agreement will contain a section for tenant improvement allowances – a set amount allocated by the landlord for build out, retrofit, or new construction to suit the new tenant’s needs. The amount provided is dependent on various factors, including length...
Explaining the Various Types of Commercial Real Estate Leases
When it comes time to expand your business to your first office or upgrade to a more suitable location, there’s plenty to worry about. Budgetary concerns, logistics, and ensuring continuity of business during the relocation are all crucial elements. Before you...
Auteur developer believes New Sarasota condo project will be a work of art
Despite heightened competition and economic trends, new tower slated to stand apart. Ascentia Development Group’s latest luxury condominium tower — planned for downtown Sarasota in the wake of successful projects on Longboat Key and Tampa — comes long into the...
A Complete Guide to Leasing a Restaurant Space
An endeavor into the restaurant business is, needless to say, a challenging one. Establishments come and go like the direction of the wind, leaving business owners reeling and skeptical. Despite these challenges, finding the right location in the right neighborhood...
Watershed for Water Street in Downtown Tampa
Years in the making, Strategic Property Partners $3 billion vision for a new neighborhood in downtown Tampa is gelling. After years of planning, assembling and designing, the company behind the $3 billion Water Street Tampa development is preparing to spark a critical...
Multifamily Momentum Continues
The robust development pipeline has not dampened investor appetite. The multifamily housing sector is defying gravity. Property fundamentals and investor appetite are holding steady under a heavy load of new deliveries. The multifamily market already is several years...
How to Choose the Right Tenant Representation Broker
Finding the right fit in a commercial real estate lease is a challenge unto itself. Aside from researching, budgeting, and planning for an office move or expansion, there’s the lengthy and sometimes stressful endeavor of negotiating lease terms and what you’ll be...
One part store, one part lab: Mall owner debuts BrandBox, a new way to allow retailers to test the waters
Retail landlord Macerich this weekend is launching a concept known as BrandBox, a place where young brands can have their own stores, at Tysons Corner Center in the Washington, D.C., area. Macerich says it will take BrandBox to other malls and will continue to roll...
Sales of sites in Opportunity Zones up 80%
Developers and investors have moved fast to buy properties in the zones, hoping to cash in on the tax incentive program Property owners in designated Opportunity Zones are now seeing their sales prices and asking prices spike since the tax incentive program was...
End of boom-times: The impact of a looming slowdown in the multifamily market
A decrease in construction may mean higher rents A decade-long apartment boom may be coming to an end. Federal data shows that multifamily building permits have declined every month since March, suggesting that apartment construction could slow in the next two years,...