Commercial Real Estate Insights
SVN CAG manages sale of 2.16 Acre Ground Lease in North Port
North Port, Fla. (April 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the 20-year ground lease of 2.16 acres at 17900 Tamiami Trail in North Port, FLA. Mike Migone represented the landlord, Select Properties of...
Big Boxes Adjust to New Market Realities
Some are expanding, while others are shrinking. Right now, the big box world is a tale of two markets. Properties housing essential tenants, like grocery stores, are hot. Properties with gyms and movie theaters are struggling. Assets with investment-grade tenants are...
Economic Update | April 13, 2021
IMF Global Growth Forecast According to a recent growth forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%,...
Why Grocery Stores Are Headed For “Unique Growth” in 2021
The grocery sector continues to charge ahead, with major chains logging consistent weekly growth despite a relaxation of COVID-19 shutdown orders across the country. A new report from Placer.ai notes that while grocery was a strong performer during the pandemic...
Economic Update | April 2, 2021
New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...
Suddenly, Demand is Booming for Office Space
In February, the national VODI grew 29%, increasing by 13 points to 58. One year after the COVID lockdowns began, demand for office space is finally approaching pre-pandemic levels. The national VTS Office Demand Index (VODI), which tracks tenant tours, both in-person...
Economic Update | March 19, 2021
American Rescue Plan President Biden signed into law the $1.9T American Rescue Plan Act, the third major fiscal stimulus legislation passed by Congress in response to the COVID-19 pandemic. Congress has now appropriated $6T in total relief to the public during this...
Will Money Come Back into Gyms and Other Hard-Hit Sectors?
If sales for those assets increase, cap rates could move up. In 2020, the office and industrial sectors accounted for nearly 81% of the single-tenant net lease investment sales activity, according to the Stan Johnson Company Q4 Net Lease Market Snapshot. While...
New Phase I ESA Standard Coming in 2021
Brush up on the top 6 potential changes to the ESA Standard (ASTM E1527). When there’s a change that affects around 70,000 commercial real estate deals a year, it’s a big deal. This is about to happen in 2021. I’m talking about the Phase I Environmental Site...