Commercial Real Estate Insights
2 Acre Block in Downtown Bradenton Sells for $2.35M
Bradenton, Fla. (December 13, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group, recently coordinated the sale of a 2-acre block of land at 817 14th St. West, 818 & 826 13th St. West, and 1301 8th Ave West in Bradenton, FLA. The seller was...
Office Building in Bradenton Sells for $432,000
Bradenton, Fla. (December 8, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 3,000 SF office building at 104 53rd Avenue East in Bradenton, FLA. The seller was Debra Clark. The buyer was Tim Burnell. The...
Upturn in residential market leads to strong commercial growth
Migration of business owners into Florida gives CRE a boost One real estate trend you can usually count on is that a boom in the residential market will lift the commercial real estate (CRE) market as well. That’s certainly been the case in Florida during the...
The Pandemic Takes Another Shot at the Office Asset Class
Occupancy fell by 2 million square feet as of November, compared to the third quarter in 2021. Even before the emergence of the Omicron variant, office asset class recovery started to falter in the face of the ongoing recovery. Occupancy fell by 2 million...
Emerging Trends, Cap Rates & Office Demand | Economic Update
Emerging Trends in Real Estate In PwC’s report on Emerging Trends in Real Estate for 2022, respondents highlighted a range of influential factors likely to impact real estate outcomes over the next year, including climate change, remote work, investor capital,...
More Tenants Plan To Increase Space Next Year Than Shrink It
Also, close to two out of five tenants said they will be preferring longer occupancy terms to get ahead of possible rent increases. More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year,...
Industrial Flex Park in Bradenton Sells for $4.95M
Bradenton, Fla. (November 9, 2021) – Senior Advisor, Tony Veldkamp, CCIM of SVN Commercial Advisory Group helped to coordinate the sale of a 56,743 SF Office/Industrial Flex Park. The property, located at 4301 32nd Street West in Bradenton, FLA., was purchased by...
Medical Facility in Fort Myers Sells for $4.35 million
National Spine & Pain Center will occupy former surgery center Fort Myers, Fla. (November 8, 2021) – Gail Bowden, Senior Investment Advisor for SVN Commercial Advisory Group, has managed the $4.35 million sale and long-term lease of a medical facility in Fort...
Apartments, Cap Rates, GDP | Economic Update
GDP Economic growth slowed in the third quarter, settling at an annualized growth rate of 2.0% after an increase of 6.7% in the second quarter. Thursday’s advanced estimates come in below most economists’ forecasts. The latest Wall Street Journal Economic Forecasting...