Commercial Real Estate Insights
Jobs Report, Zillow, Trepp Delinquency Data | Economic Update Mid-July
Jobs Report The Labor Department’s June Jobs Report showed an encouraging 850,000 added positions, well above Bloomberg’s reported consensus forecast of 720,000. Continued easing of social distancing measures across the US, increases in the vaccination rate, and a...
Bradenton/Palmetto a robust market that could use more inventory
Many CRE sectors remain healthy as businesses migrate to the Sunshine State There’s a whole lot of demand, not enough supply. That sums up much of the commercial real estate (CRE) market in the Florida cities of Bradenton and Palmetto. But builders and investors are...
Multiple Factors Will Determine How Net Lease Plays Out
Unless the sale-leaseback market picks up, there is not a lot of new supply going to hit the market. Single-tenant transaction activity should remain high in 2021. However, some of that will be determined by the number of assets that will hit the market this year. In...
Labor Day, The Donut Effect & Existing Home Sales
Labor Day Deadline U.S. companies are increasingly looking to lure workers back to the office, with many now setting Labor Day as the deadline for their employees to return to the office. While many employers have lauded remote work as a success, increasingly, company...
Mark Bower of SVN CAG Manages Sale of 7.25 Acres in Bradenton
Sarasota, FLA. (June 30, 2021) – Mark Bower of SVN Commercial Advisory Group recently coordinated the sale of 7.25 acres of land at 5703 and 5715 15th Street East in Bradenton, FLA. The seller, MLYK Enterprises, LLC was represented by Matt Kezar of Ian Black. Bower...
Senior Advisor, Mike Migone manages $6.5M industrial deal
Senior Advisor locates prime Clearwater facility with nearly 74K square feet Sarasota, Fla. (June 24, 2021) – Mike Migone, CCIM of SVN Commercial Advisory Group managed a $6.5 million property deal in Clearwater, Fla., for a client who will convert it into a...
Inflation, Jobs Report, & CRE | Economic Update June, 2021
Inflation According to the Bureau of Labor Statistics, consumer prices rose by a seasonally adjusted 0.6% in May from the month prior. While the month-over-month reading was lower than April’s growth rate (0.8% MoM), May’s 5.0% year-over-year change in average prices...
Industrial Asking Prices Suggest Market Correction May Be Near
Industrial prices dropped 6.68% over April figures, forcing cap rates up slightly in response. The multifamily asset class continued along a growth trajectory last month, while industrial prices dropped significantly. This suggests the market may be correcting as the...
Triple-Net Lease: Tenant Longevity and Low Maintenance
SVN Commercial Advisory Group helps connect prospective renters, landlords Leasing is a fact of life for a lot of businesses. But the variety of available leasing options -- and how to secure them – isn’t always clear to business owners. Businesses that rent their...