Commercial Real Estate Insights
Remote Work By Numbers
Coming off the pandemic, a scorching hot economy and jobs market placed the power of choice in the hands of job seekers. Reports of a ‘Great Resignation’, and ‘quiet quitting’ were widespread. Now, with conflicting ideas of what office work should look like, the...
Commercial Real Estate: To Lease or to Own?
Commercial real estate can be a lucrative investment opportunity for individuals and businesses alike. However, before deciding to invest in a property, it's essential to consider whether to lease or to own is the best option. Both leasing and owning commercial real...
Daytona Beach medical building sells for $2 million in SVN-managed transaction
SVN Commercial Advisory Group, SVN Alliance Commercial Real Estate Advisors team up on healthcare office deal Daytona Beach, Fla. (February 27, 2023) – SVN Commercial Advisory Group in Sarasota, Fla., announces the $2 million sale of a medical office building at 1671...
Homebuilding, The Fed, & Retail Sales | Economic Update – February 24
HOMEBUILDING SENTIMENT RISES According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading since...
The Rise of Data Center Investment
Despite the highly reported cutbacks many companies are making in the start of 2023, experts agree one area that none of these companies are cutting spending in is data center investment. With more and more cloud computing necessary to maintain the infrastructure of...
Jobs, Jobs, and More Jobs: Florida Surpasses New York in Number of Employed Workers
According to data released by the Bureau of Labor Statistics (BLS), Florida had 9.669 million employed workers in December 2022, surpassing New York's 9.661 million employed workers. This marked the first time in the BLS's history of tracking this data that Florida...
Keith Frierson, CCIM Joins SVN Commercial Advisory Group as Senior Advisor in Tampa Bay Area
TAMPA, FLA. (February 10, 2023) - SVN Commercial Advisory Group is proud to welcome industry veteran, Keith Frierson, CCIM, to the Tampa Bay team as a Senior Advisor. With over three decades of experience in commercial real estate, Keith brings an exceptional level of...
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...