Laser Lounge Spa Brings Flagship Location to Downtown Sarasota

Four-story med spa building in downtown Sarasota will become flagship location for Laser Lounge Spa SARASOTA, Fla (September 16, 2021) – SVN Commercial Advisory Group has managed the $3.35 million sale of a four-story building that housed the John Carl Spa & Salon...

CPPI, Federal Reserve, CRE Underwriting | Economic Update

CRE Prices According to the Real Capital Analytics commercial property price index (CPPI), CRE prices maintained their momentum through July, growing an average of 1.2% from a month earlier. Moreover, the national all-property type CPPI is up a robust 11.8%...

Medical Office Property in Venice Sells for $1.6M

Venice, Fla. (September 2, 2021) – Senior advisor Angela Varga, of SVN Commercial Advisory Group recently coordinated the sale of a 5,500 SF medical office building at 842 Sunset Lake Boulevard in Venice. The seller was Gulf Coast Urology Properties, LLP. The buyer...

Return to Office, Census Figures, Sub-Sectors | Economic Update

Return to Office A survey by Morning Consult that tracks employees’ appetite for returning to the office showed that sentiment has fallen in recent weeks, with only 55% of workers saying that they feel comfortable returning to the office. According to the report, the...

Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...