Commercial Real Estate Insights
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...
Industrial Pricing Jumps to $145 Per Square Foot
In Q4 2020, industrial saw $11.9 billion in sales volume at an average price per square foot of $100 per square foot. Industrial didn’t miss a beat in 2020. And it looks like prices in the asset class will continue rising in terms of sales volume and price per square...
SVN Commercial Advisory Group manages $4.2 million sale of retail space
Senior Advisor’s local expertise and network leads to a deal for off-market property in Palmetto, Fla. Sarasota, Fla. (March 11, 2021) – SVN Commercial Advisory Group has managed the sale of a retail property that possesses a Walgreens pharmacy at 930 8th Avenue West...
SVN CAG Manages Sale of $1.075M Industrial Building in Bradenton
SVN CAG Manages Sale of $1.075M Industrial Building in Bradenton Bradenton, Fla. (March 3, 2021) – Senior advisor Gail Bowden, of SVN Commercial Advisory Group recently coordinated the sale of a 13,900 SF Industrial building located at 1215 50th Avenue Plz West in...