SVN CAG manages sale of 2.16 Acre Ground Lease in North Port

North Port, Fla. (April 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the 20-year ground lease of 2.16 acres at 17900 Tamiami Trail in North Port, FLA. Mike Migone represented the landlord, Select Properties of...

Big Boxes Adjust to New Market Realities

Some are expanding, while others are shrinking. Right now, the big box world is a tale of two markets. Properties housing essential tenants, like grocery stores, are hot. Properties with gyms and movie theaters are struggling. Assets with investment-grade tenants are...

Economic Update | April 13, 2021

IMF Global Growth Forecast According to a recent growth forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%,...

Why Grocery Stores Are Headed For “Unique Growth” in 2021

The grocery sector continues to charge ahead, with major chains logging consistent weekly growth despite a relaxation of COVID-19 shutdown orders across the country. A new report from Placer.ai notes that while grocery was a strong performer during the pandemic...

Economic Update | April 2, 2021

New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...

Suddenly, Demand is Booming for Office Space

In February, the national VODI grew 29%, increasing by 13 points to 58. One year after the COVID lockdowns began, demand for office space is finally approaching pre-pandemic levels. The national VTS Office Demand Index (VODI), which tracks tenant tours, both in-person...