Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...

Peter Bartys Manages Three Transactions at Destination Drive

Osprey, Fla. (July 26, 2021) – Senior advisor Peter Bartys, of SVN Commercial Advisory Group recently coordinated the sale of three commercial units at Destination Drive in Osprey, FL. Bartys represented the buyer of units A522 & A523 and represented both seller...

Labor Day, The Donut Effect & Existing Home Sales

Labor Day Deadline U.S. companies are increasingly looking to lure workers back to the office, with many now setting Labor Day as the deadline for their employees to return to the office. While many employers have lauded remote work as a success, increasingly, company...

Mark Bower of SVN CAG Manages Sale of 7.25 Acres in Bradenton

Sarasota, FLA. (June 30, 2021) – Mark Bower of SVN Commercial Advisory Group recently coordinated the sale of 7.25 acres of land at 5703 and 5715 15th Street East in Bradenton, FLA. The seller, MLYK Enterprises, LLC was represented by Matt Kezar of Ian Black. Bower...

Inflation, Jobs Report, & CRE | Economic Update June, 2021

Inflation According to the Bureau of Labor Statistics, consumer prices rose by a seasonally adjusted 0.6% in May from the month prior. While the month-over-month reading was lower than April’s growth rate (0.8% MoM), May’s 5.0% year-over-year change in average prices...