Commercial Real Estate Insights
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...
CRE Transactions Reach Pre-Pandemic Levels In Q2
CRE transactions in the hot industrial and apartment sectors posted the strongest second quarter on record for sales across all deal structures. The US commercial real estate sales market passed pre-pandemic levels in the second quarter, according to Real Capital...
Peter Bartys Manages Three Transactions at Destination Drive
Osprey, Fla. (July 26, 2021) – Senior advisor Peter Bartys, of SVN Commercial Advisory Group recently coordinated the sale of three commercial units at Destination Drive in Osprey, FL. Bartys represented the buyer of units A522 & A523 and represented both seller...
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...