Commercial Real Estate Insights
Decoding CRE: A Beginner’s Guide to CRE Terminology
Terminology abounds in the world of commercial real estate (CRE). It's a complex and nuanced industry. Whether you're new to the business, a client looking to better understand, or a seasoned professional just looking to refresh your terminology, it never hurts to...
Housing Market, Jobs Report, Debt | Economic Update
FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced the committee’s need to continue its monetary tightening. Still, the timing of...
SVN Manages Sale of Prime Port Charlotte Development Site
Paving the way for a 333-Unit Luxury Multifamily Project Representing both the buyer and the seller, Mike Migone, CCIM of SVN | Commercial Advisory Group managed the $8.4M sale of the 22 acre development site located at Highway 41 and Cranberry Rd, Port...
Industrial Trends, Office Conversions, & CPI | Economic Update
GDP Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The estimate surpasses the consensus projection of 2% and follows a 4.9% growth rate in Q3, bringing total 2023 US GDP to...
Addressing Florida’s Housing Crunch: The Live Local Act and Its Impact on Real Estate
It's no secret: Migration to Florida has been on the rise in recent years, creating a surge in housing demand. Amid such an influx, the state's housing market is facing increased tightness. That's created a challenge for individuals seeking affordable living spaces,...
SVN | Commercial Advisory Group Represents Buyer on $8.8M Sale of Spectrum Office Building in Manatee County
Sarasota, Fla. (January 26, 2024) – SVN | Commercial Advisory Group has helped manage the $8.8 million sale of the Spectrum office at 5413 East State Road 64 in Bradenton. Serving as Manatee County's most prominent cable and internet provider, this sale stands to be a...
SVN Commercial Advisory Group Secures $1.58M Lease for Woodhouse Spa
High-end spa enters decade long, $1.58 million deal at busy downtown Sarasota intersection. Sarasota, Fla. (January 23, 2024) – Diane Lawson, CCIM and Ryan Edwards with SVN | Commercial Advisory Group have helped close a 10-year lease deal for the spacious...
Jobs Report, 2024 Inflation, Investment Trends | Economic Update
DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the Census Bureau’s latest employment report. Meanwhile, initial jobless claims fell during...
Multifamily Outlook, Population, Retail Trends | Economic Update
2024 US MULTIFAMILY OUTLOOK According to a recent forecast by Yardi Matrix, the US multifamily sector faces a mixed outlook in 2024. While apartments have performed relatively healthily during the Fed’s ongoing tightening cycle, sector valuations will face challenges...