Gasparilla Pirate Festival: A Tampa Tradition with a Major Economic Impact
From its pirate invasion to its economic boost: Understanding the significance of Gasparilla Festival in Tampa Gasparilla is a pirate-themed festival held annually in Tampa, Florida. The festival, which began in 1904, is named after the legendary pirate José...
ChatGPT: The Future of Commercial Real Estate Efficiency and Innovation
The commercial real estate industry is constantly evolving, with new technologies and innovations being introduced to streamline processes and improve efficiency. One of the latest developments in this field is the use of ChatGPT, a cutting-edge language model...
Brands to Watch in 2023
In 2022, brick-and-mortar retailers faced challenges such as a looming recession and record inflation, which affected consumer confidence. Despite these challenges, a particular type of retailer will be set up to thrive and there are still plenty of opportunities for...
CPI Inflation, Industrial Real Estate, & Logistics | Economic Update – January 13
1. CPI INFLATION The Consumer Price Index (CPI) rose 6.5% year-over-year and just 0.1% month-over-month, according to the latest numbers from the Bureau of Labor Statistics — relatively in line with most industry estimates. The annual inflation rate has now fallen for...
Main Street property in downtown Sarasota sells for $4.287 million
SVN Commercial Advisory Group represents sellers; future development will replace existing structure on site Sarasota, Fla. (January 6, 2023) – SVN Commercial Advisory Group has managed the $4.287 million sale of property at 2051 Main Street, the site of future...
Consumer Spending, CRE Debt, & Home Prices | Economic Update – January 3
1. Q3 GDP & CONSUMER SPENDING REVISED UP The Bureau of Economic Analysis reported an upward revision to Real GDP in the third quarter of 2022, mainly reflecting a revised total in U.S. consumer spending. The latest estimate shows a 3.2% annualized increase in Real...