Commercial Real Estate Insights
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...
Behind the Surge in Lumber Prices
If you follow the commodities markets, you might wonder why bling isn’t made of wood instead of gold these days. Builders can get lumber if they wait and are willing to pay through the nose. Construction is more expensive, with obvious impacts on strategies at all...
Florida supply tightens as out-of-state demand for property soars
Tony Veldkamp, CCM, Senior Advisor SVN | Commercial Advisory Group Florida residential and commercial both getting a bump as entrepreneurs relocate If you’re trying to find property in the Florida counties of Manatee and Sarasota these days,...
Has Bridge Financing Cast a Shadow Over Agency Lenders?
Pricing has become aligned with how aggressive the private debt funds have gotten in recent months and how aggressively priced multifamily deals have become overall. Alternative financing options have emerged more aggressively than ever, serving more specialized...
Mike Migone, CCIM Manages Sale of $2.7M Medical Office Building
Sarasota, FLA. (May 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 15,395 SF, multi-level medical office building at 5922 Cattlemen Lane in Sarasota, FLA. The seller, Medical Leasing Group, LLC, was...
GDP, Lumber Prices & The Labor Market | Economic Update
GDP According to the Bureau of Economic Analysis, Real GDP increased at a seasonally adjusted annualized rate of 6.4% during the first quarter of 2021. Personal consumption expenditures (PCE), a sub-component of GDP output, rose at an annualized 14.6% in the first...
Why the Restaurant Revitalization Fund Will Work Better Than the PPP
The $29 billion fund has strict guidance on the businesses that can access funding and what they can do with it. The restaurant revitalization fund has the potential to drive recovery in the restaurant sector after a full year of severe dislocation. It will likely...
Gail Bowden of SVN CAG Manages Sale of 3,000 SF Office in Englewood
Englewood, Fla. (May 10, 2021) – Senior advisor Gail Bowden, of SVN Commercial Advisory Group, recently coordinated the sale of a 3,932 SF office suite located at 900 Pine Street, Suite 111 in Englewood, FLA. Tammy Birbeck D.O. PLLC was the buyer. Lemon Bay Vilco,...