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Tampa Office Sales Comps & Report | ...

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...

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Office Market Mid-Year Executive Update

The Exodus That Never Was…Or, Is It...

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....

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Tampa MSA Unemployment Update for May

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 government reopenings taking place across the state. In other areas, we saw mixed results: Pensacola unemployment dipped to ...

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Getting Back to The Office: Preparing Bui...

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 the country. As the country starts reopening and companies begin phased return-to-the-office initiatives, it’s now...

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Tampa Office Sales Comps

Tampa Office Sales Comps & Report | ...

Office property sales in the time of coronavirus will undoubtedly see changes as the office property landscape shifts and adjusts to our new reality. Some changes will come as a result of the approximate two-month closure of the economy while others will be prompted by new behaviors that took shape and took hold during the pandemic. In particular, I foresee that the work from home and social dist...

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finance for commercial real estate

How Medical Office Property Owner/Occupie...

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 property owner, who is also an operator, such as a doctor or dentist, sells their property but continues to operate their busi...

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What Now? An Open Letter to Tampa Office ...

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 an unprecedented crisis. I’ve been getting inquiries from many office property owners with questions on what is th...

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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: $191.95 |Medical $182.58   The largest deal of the month was in Tampa: By Sales Price, $/SF:  $7.69 M consisti...

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The Working Remotely Trend…Will It ...

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 office as they saw productivity and collaboration weaken. However, this was circa 2017 when many of the tech tools we have...

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What is A Sale-Leaseback & How Can I...

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 than others like hotels and restaurants, while some, like grocery and delivery, are flourishing.  While we know this will...

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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: $270.40 The largest deal of the month was in Tampa: By Sales Price, $/SF:  $10.7 M for $121.73/SF at 405 N REO ST in ...

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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: $318.73 Medical $161.39 The largest deal of the month was in Tampa: By Sales Price, $/SF:  $8.42 M consisting of 6,000...

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