Commercial Real Estate Insights
Logistics, Jobs, & Housing Affordability | Economic Update – February 10
JANUARY JOBS REPORT According to the Bureau of Labor Statistics, the US economy added 517,000 jobs in January while the unemployment rate was little changed at 3.4%. The number of unemployed persons was also little changed at 5.7 million. On the surface, the January...
Revitalizing Sarasota: Proposed Infrastructure and Highway Projects Set to Bring Economic Growth
Introduction Sarasota, Florida, is a rapidly growing residential and commercial center that is set to see a major boost in its infrastructure, thanks to the recent state budget passed by the Florida Legislature. The budget includes money for a slew of local...
Surge in E-Commerce and Construction Fuels Florida’s Industrial Boom in 2022
Florida Industrial Sector Booms with Record Sales Volume and Development Activity in 2022 The U.S. industrial market has been rapidly growing since early 2020, driven by a surge in e-commerce and construction activity. This has led to a surge in leasing...
Manatee County land will be site of four-story luxury apartment complex
A joint venture between Defined Companies, LLC, co-founded and led by Noah Leon and Steven Guasch, and Nadeb Investments Group, Inc., led by President Eben Mensah, has purchased a 7.86-acre parcel located adjacent to the Ellenton Premium Outlets in Manatee...
The Federal Fund Rate Increase: Understanding its Impact on Cap Rates and Property Values
The Impact of Fed Fund Rate Increase on Cap Rates and Property Values The Federal Reserve raised its benchmark interest rate to its highest level in 15 years on December 14, 2022, leading to an increase in commercial lending rates. This raises the question of how this...
GDP Growth, Commuting, and Consumer Sentiment | Economic Update – January 27
Growth is a key indicator of the health and success of any business or organization. It is the measure of how much a company or an industry is expanding, and it is often used to gauge the overall health of the economy. The latest update on growth in the business world...
Multi-family CRE faces pressures but a strong team can make all the difference
A number of rising costs make for a challenging market; SVN Commercial Advisory Group can help buyers and sellers beat the odds As non-Floridians pour into this state to begin a new life, they often find real estate in dwindling supply. Obviously, it’s critical...
Cap Rates: Understanding the Fundamentals of Commercial Real Estate Investment
Introduction As a commercial real estate investor, understanding a cap rate is crucial to making informed decisions about potential investments. In this article, we'll provide a comprehensive overview of cap rates and how they're used to evaluate commercial real...
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...