Industrial Trends, Office Conversions, & CPI | Economic Update
GDP Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP to...
SVN | Commercial Advisory Group Represents Buyer on $8.8M Sale of Spectrum Office Building in Manatee County
Sarasota, Fla. (January 26, 2024) – SVN | Commercial Advisory Group has helped manage the $8.8 million sale of the Spectrum office at 5413 East State Road 64 in Bradenton. Serving as Manatee County's most prominent cable and internet provider, this sale stands to be a...
SVN Commercial Advisory Group Secures $1.58M Lease for Woodhouse Spa
High-end spa enters decade long, $1.58 million deal at busy downtown Sarasota intersection. Sarasota, Fla. (January 23, 2024) – Diane Lawson, CCIM and Ryan Edwards with SVN | Commercial Advisory Group have helped close a 10-year lease deal for the spacious...
Jobs Report, 2024 Inflation, Investment Trends | Economic Update
DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. Meanwhile, initial jobless claims fell during...
SVN Commercial Advisory Group Closes $3.7 million Sale of Englewood Retail Building
Property on S. McCall Road in Englewood houses high-profile tenants Aspen Dental, AT&T Englewood, FLA. (December 22, 2023) – Advisors from SVN Commercial Advisory Group recently managed the $3.7 million sale of a retail building in Englewood, Fla. Located at 2761...
Mortgage Rates, Construction Spending, & CRE Loans | Economic Update
INFLATION AND FALLING ENERGY PRICES The latest PCE price index rose in line with consensus expectations in October, but the divergence between the core and headline numbers reflects the disinflationary impact of falling energy prices in recent months. According to the...