Commercial Real Estate Insights
Are 1031 Exchanges in Jeopardy Under the Biden Administration?
In a recent Green Street report, sources say that “while prior administrations have suggested ending 1031 exchanges, chances are better now that it will happen.” Congressional deal-making has created an increased focus on 1031 exchanges. Specifically it focuses on...
Despite pandemic setback, hotels are gaining strength
Hospitality industry benefits from pent-up travel demand; projections remain encouraging Hotels have been getting some pleasant wake-up calls in recent months: The industry is improving. Certainly, that’s the case in the Tampa and Sarasota markets. The COVID-19...
Return to Office, Census Figures, Sub-Sectors | Economic Update
Return to Office A survey by Morning Consult that tracks employees’ appetite for returning to the office showed that sentiment has fallen in recent weeks, with only 55% of workers saying that they feel comfortable returning to the office. According to the report, the...
Tampa Bay Hospitality Update | Is the Market dead?
Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...
Prologis Expects Industrial Rent Growth Will Be a Record 10% This Year
Absorption for the first half of the year reached an unprecedented 194 million square feet. Warehouse rent rates are rising at a record pace, says Prologis in the latest report of its Industrial Business Indicator. Rents rose by a record 4% in the second quarter while...
Medical Office Building in Braden River Business Center Sells for $1.075M
Advisors work together in a rare joint listing to sell the property Sarasota, Fla. (August 5, 2021) – Senior Advisor, Tony Veldkamp, CCIM, and Advisor, Matt Fenske of SVN Commercial Advisory Group have managed the sale of a 5,000 SF, two-unit medical office building....
Demand continues to soar for Florida mobile home parks
Market scarcity, need for affordable housing gives sellers a major advantage Mobile home parks make up a red-hot investment market in Florida commercial real estate (CRE) right now. The one drawback is that they’re getting increasingly difficult to find -- almost...
Senior Advisor, Angela Varga Coordinates $1.015M MedSpa Lease
Bradenton, Fla. (August 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the 10-year lease of a 4,480 SF office/medical building at 6114 Manatee Avenue West in Bradenton, FLA. LORKAT Investments is the landlord. GAIA...
Starbucks Anchored Property in Bradenton Sells for $1.75M
Sarasota, FLA. (July 28, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 6,752 SF, Starbucks-anchored, retail building at 5783 Manatee Avenue West in Bradenton, FLA. Mike represented both the buyer and...