Tampa MSA Unemployment Update for May

|Comments are Off
The Tampa-St. Petersburg-Clearwater area unemployment numbers are out. Here’s a snapshot of what took shape in May: The unemployment rate in our area decreased month-over-month from 13.2% to 13.1%, potentially benefitting slightly from the beginning of the business and...

Getting Back to The Office: Preparing Buildings for Re-Entry Post COVID-19

The COVID-19 pandemic hit the United States like a ton of bricks. The hardest hit cities closed down for months with many local governments imposing stay-at-home and shelter-in-place orders. Non-essential office workers were asked to work from home leaving empty buildings across...
finance for commercial real estate

How Medical Office Property Owner/Occupiers Can Benefit From Sale-Leasebacks

In these challenging times when demands on the healthcare industry are higher than ever, some medical professionals and practices may need access to funds. If you own your commercial property, a sale-leaseback may be just what the doctor ordered. A sale-leaseback is when a...

What Now? An Open Letter to Tampa Office Property Owners

Over the last few years, we’ve been enjoying a boom in the commercial real estate markets, and here in Tampa, the benefits of a strong and rapidly flourishing economy. In the midst of this bustling economy and strong growth for office property owners, we were blindsided by...
Tampa Office Sales Comps

Office Space Sold | DEC 2019

In December, there were 24 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*:  Total Transaction Volume was approximately $25,895,400 AVG Sale Price:Professional: $1,119,359 | Medical: $634,750 The AVG Price/SF:Professional Office:...

The Working Remotely Trend…Will It Stick?

With so many office workers working from home, will the remote-work trend stick? Before coronavirus, the remote work trend had yet to take off in force. Early adapters like IBM who pioneered the remote work movement ended up reversing their policies calling workers back to the...

What is A Sale-Leaseback & How Can It Help?

How professional office owner/occupiers can gain access to cash, alleviate debt, and remain in their current office space.  Business owners and professionals are experiencing one of the biggest challenges they have faced in their lifetime. Some industries have been hit harder...
Tampa Office Sales Comps

Office Space Sold | NOV 2019

In November, there were 19 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume: ~ $26,117,800 AVG Sale Price: Professional: $1,362,282 | Medical: $1,479,500 The AVG Price/SF: Professional: $183.21 | Medical:...
Tampa Office Sales Comps

Office Space Sold | OCT 2019

In October, there were 12 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume was approximately $17,428,700 AVG Sale Price: Professional: $1,918,463 Medical: $2,081,000 The AVG Price/SF: Professional Office:...
Tampa Office Sales Comps

Office Space Sold | SEP 2019

In September, there were 12 office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume was approximately $21,659,500 AVG Sale Price: Professional: $1,860,500 Medical: $1,638,333 The AVG Price/SF: Professional Office: $204.86 Medical...