Economic Update | April 13, 2021
• According to a recent 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%, respectively. The forecast was revised up...
Economic Update | April 2, 2021
• 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 the next twelve months— a...
Economic Update | March 19, 2021
• 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 period. • The most...
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 occupied by a Walgreens pharmacy at 930 8th Avenue West in...
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 Bradenton. Manatee 1215, LLC was the buyer. Franklyn, LLC,...
CRE Gets Boost as Economy Adds 379,000 Jobs in February
Most of the job gains were in the leisure and hospitality sectors. The US economy showed its clearest sign yet of recovery with February’s unemployment report released this morning by the Bureau of Labor Statistics: Some 379,000 jobs were added to US payrolls last...
Economic Update | March 5, 2021
• One of the more publicized and contentious sticking points of the incoming-Biden Administration stimulus package is the potential inclusion of a $15/h minimum wage. • According to the Congressional Budget Office, a strictly nonpartisan Agency, raising the minimum...
Economic Update | February 23, 2021
• According to Real Capital Analytics, hedonic cap rates for Industrial properties held at their all-time low through Q4 2020, finishing the year at an even 6.0%. Between strengthening property fundamentals and lower benchmark interest rates, oppositional pressures...