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Consumer Price Index, Workplace Occupancy, Remote Work – Economic Update June 10

by SVN Commercial Advisory Group | Jun 10, 2022

1. CONSUMER PRICE INDEX Consumer prices rose 8.6% year-over-year through May, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). May’s reading brings inflation back up to its forty-year high last reached in March, reversing what appeared to be...

SVN Commercial Advisory Group manages $3.65 million sale of Stearns Bank property

by SVN Commercial Advisory Group | Jun 10, 2022

Retail banking industry sees increase in sale-leasebacks, repurposed assets   Venice, Fla. (June 10, 2022) – Brad Lindberg, Senior Investment Advisor for SVN Commercial Advisory Group, has managed the $3.65 million sale of a two-story bank building in...

U.S. Geological Survey will operate from spacious facility in prime Tampa location

by SVN Commercial Advisory Group | May 31, 2022

SVN Commercial Advisory Group lands government tenant for University Corporate Park   Tampa, Fla. (May 31, 2022) – Advisors from SVN Commercial Advisory Group have managed a leasing deal with the General Services Administration (GSA) for an 18,500-square-foot...

Punta Gorda land sells for $3.2 million; will be site of major multifamily complex

by SVN Commercial Advisory Group | May 25, 2022

Punta Gorda, Fla. (May 25, 2022) – Mike Migone, CCIM, of SVN Commercial Advisory Group has managed the $3.2 million sale of land that will be the site of 270 multifamily units in Punta Gorda, Fla.    The property consists of 31 acres at 24750 Sandhill Blvd....

Treasury Yield, Office Leasing, Hud Budget | Economic Update April 12

by SVN Commercial Advisory Group | Apr 12, 2022

Treasury Yield Inversion • The yield on the 5-year and 30-year US treasuries inverted on March 28th for the first time since 2006. This comes raising fears of an upcoming recession. • Yield on the 5-year note reached 2.56%. While the yield on the 30-year at one point...
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