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Florida supply tightens as out-of-state demand for property soars

by SVN Commercial Advisory Group | May 25, 2021

  Tony Veldkamp, CCM, Senior Advisor SVN | Commercial Advisory Group     Florida residential and commercial both getting a bump as entrepreneurs relocate If you’re trying to find property in the Florida counties of Manatee and Sarasota these days,...

Mike Migone, CCIM Manages Sale of $2.7M Medical Office Building

by SVN Commercial Advisory Group | May 19, 2021

Sarasota, FLA. (May 19, 2021) – Senior advisor Mike Migone, CCIM of SVN Commercial Advisory Group recently coordinated the sale of a 15,395 SF, multi-level medical office building at 5922 Cattlemen Lane in Sarasota, FLA. The seller, Medical Leasing Group, LLC, was...

GDP, Lumber Prices & The Labor Market | Economic Update

by SVN Commercial Advisory Group | May 17, 2021

GDP According to the Bureau of Economic Analysis, Real GDP increased at a seasonally adjusted annualized rate of 6.4% during the first quarter of 2021. Personal consumption expenditures (PCE), a sub-component of GDP output, rose at an annualized 14.6% in the first...

SVN CAG Manages Sale-Leaseback of Stearns Bank Branch in St. Pete

by SVN Commercial Advisory Group | May 10, 2021

St. Petersburg, Fla. (May 11, 2021) – Senior advisor Brad Lindberg, of SVN Commerical Advisory Group, recently coordinated the sale-leaseback of an 11,236 SF bank building located at 7555 MLK Jr. Street North in St. Petersburg, FLA. PR St. Pete, LLC was the buyer....

Buyers and Sellers Still Find It Hard to Meet on Price

by SVN Commercial Advisory Group | May 10, 2021

Some sellers are disappointed they cannot yet achieve pre-pandemic prices. The business of getting buyers and sellers to agree on a price was exacerbated during the pandemic. Now that an end to the health crisis is hopefully in sight, have those tensions eased? As...
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