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By John Milsaps - September 11th 2020
While a lot has changed over the last few months, one thing hasn’t–and that’s Tampa’s continuing growth, national visibility, and strategic importance. One of the many companies that are making major moves in the Tampa area is Amazon. The retail behemoth is growing its presence in our region in a big way and the pandemic hasn’t slowed it down. The company seems to have found its place in Florida and it’s in Tampa. Their footprint will be a whopping… 6,774,291 […]
By John Milsaps - August 31st 2020
A look at macro and micro trends including my monthly Tampa Office Sales Comps Report The Big Picture As we move into the second half of this unprecedented year, more companies are starting to make decisions and moves to accommodate the new workplace reality. Just this week, Pinterest announced the termination of its 490,000 SF lease in San Francisco. The surprising move resulted in a one-time $89.5 million payment. The large payment seems an indication of the company’s long-term commitment […]
By John Milsaps - July 30th 2020
Resilience is the new “normal”. COVID-19 has presented challenges for everyone, including office property owners. We’re living through extraordinary times, but while circumstances are changing daily, we can navigate these difficulties by looking at data, tracking evolving market trends, and looking for emerging opportunities. As we move forward in the recovery process we are beginning to see more normalized market trends. SNAPSHOT YEAR-OVER-YEAR 2020/2019 In April of this year, transaction volume was $9,385,000 versus $22,117,957 in 2019. This exhibits a […]
By John Milsaps - July 29th 2020
Office Market Mid-Year Executive Update As we move into the second half of the year, and the second wave of COVID-19, office property investors are standing by to see how the pandemic affects the office market. While many feared the dramatic exodus from office to remote work that took effect from one day to the next would mean the end of the office market, that scenario just isn’t playing out. In Tampa, although the number of transactions undoubtedly slowed temporarily, we’re seeing sales volume […]
John Milsaps has spent the past decade dedicated to his role as a commercial real estate professional who specializes in landlord representation and seller representation. Working as a senior advisor with SVN Florida Advisors, he has consistently proven both his commitment to his clients, as well as his extensive knowledge of varying commercial space transactions. His familiarity and understanding of the Tampa bay business community only furthers his ability to connect business owners to the right strategic partners or buyers, whether local or nationwide....