The Pandemic Takes Another Shot at the Office Asset Class
Occupancy fell by 2 million square feet as of November, compared to the third quarter in 2021. Even before the emergence of the Omicron variant, it was clear that the office asset class recovery had started to falter in the face of the ongoing recovery....
Emerging Trends, Cap Rates & Office Demand | Economic Update
• In PwC’s report on Emerging Trends in Real Estate for 2022, respondents highlighted a range of influential factors likely to impact real estate outcomes over the next year, including climate change, remote work, investor capital, prop-tech, and of course, COVID-19....
Industrial Flex Park in Bradenton Sells for $4.95M
Bradenton, Fla. (November 9, 2021) – Senior Advisor, Tony Veldkamp, CCIM of SVN Commercial Advisory Group helped to coordinate the sale of a 56,743 SF Office/Industrial Flex Park. The property, located at 4301 32nd Street West in Bradenton, FLA., was purchased by...
Medical Facility in Fort Myers Sells for $4.35 million
National Spine & Pain Center will occupy former surgery center Fort Myers, Fla. (November 8, 2021) – Gail Bowden, Senior Investment Advisor for SVN Commercial Advisory Group, has managed the $4.35 million sale and long-term lease of a medical facility in Fort...
Apartments, Cap Rates, GDP | Economic Update
• Economic growth slowed in the third quarter, settling at an annualized growth rate of 2.0% after an increase of 6.7% in the second quarter. Thursday’s advanced estimates come in below most economists’ forecasts. The latest Wall Street Journal Economic Forecasting...
Multifamily Property in Sarasota Sells for $11.6 million
Multifamily property located near downtown Sarasota Sarasota, Fla. (October 26, 2021) – SVN Commercial Advisory Group managed a multifamily deal worth $11.6 million for buyer Sarasota Presidential, LLC. The property at 3232 Fruitville Road in Sarasota is a two-story...