SVN 2021 Annual Report | Through The (Mu...
Trends to Watch in Commercial Real Estate and Beyond in 2022 Commercial real estate weathered a difficult year in the wake of the COVID-19 pandemic. But despite its challenges, 2021 was a year of transformation for the industry. The year ahead is likely to see improvement in our markets as the economy continues to recover. In this report, the research team at SVN fixes its eye on the horizon, offe...
Continue Reading
Is the seasonality-defying office surge r...
CBD vs Suburban Office Assets It is no secret that the comparative value between CBD and suburban-located office assets has drastically changed… In less than two decades the increasing premium for CBD-located office space is kicking into reverse. The trend kicked into high gear as a result of the pandemic as city centers were vacated. When we look at the average price premium for CBD office asse...
Continue Reading
Tampa Office Sales Comps | NOV 2021
Find out what properties like yours are selling for. Check out my latest Tampa Office Sales Comps Report. In NOV of 2021, the total office sales volume was $78,655,700 versus $8,778,500 in NOV 2020 There was a total of 20 transactions: 16 professional office properties, and 4 medical office properties. Get all the details to see how the latest sales comps and activity could impact your pro...
Continue Reading
Tampa Office Sales Comps Report | AUG 202...
Considering selling your Tampa area office? Find out how much your property could be worth. Check out my latest Tampa Office Sales Comps Report. In AUG of this year, the total office sales volume was $52,757,900 versus $36,112,500 in AUG 2020 There was a total of 29 transactions in AUG 2021: 25 professional office properties, and 4 medical office properties. Get all the details to see how the late...
Continue Reading
Tampa Office Sales Comps Report | JUN-JUL...
Considering selling your Tampa area office? Find out how much your property could be worth. Check out my latest Tampa Office Sales Comps Report. In July 2021, the total office sales volume was $32,281,500 versus $8,850,000 in JUL 2020–a +265% increase YOY. There was a total of 22 transactions in MAY 2021: 21 professional office properties, and 1 medical office. Get all the details to see how...
Continue Reading
Tampa Office Sales Comps Report | MAY-JUN...
Considering selling your Tampa area office? Find out how much your property could be worth. Check out my latest Tampa Office Sales Comps Report. In June 2021, the total office sales volume was $126,525,500 versus $25,674,100 in JUN 2020–a +393% increase YOY. There was a total of 26 transactions in MAY 2021: 24 professional office properties, and 2 medical offices. Get all the details to see ...
Continue Reading
Tampa Office Sales Comps & Report | ...
Wondering how much your property could sell for? Check out my latest Tampa Office Sales Comps Report. In February 2021 the total transaction volume was $33,778,600. There was a +177% YOY increase when compared to $12,183,500 recorded in FEB 2020. Out of the 14 sales transactions, there were 10 professional offices and 4 medical office sales. There was a +16.7% YOY increase in the number of ...
Continue Reading
Office-Using Employment Update MAR 2021 |...
There is a lot shifting in the office landscape. Which sectors are getting back on their feet? Is it time to target a new sector for new tenants? Similar to last month, two major office-using sectors gained jobs over the year in March 2021. The Professional & Business Services sector saw an increase of 7,700 jobs, and the Financial Activities sector saw an increase of 12,000 jobs YOY. While th...
Continue Reading
Office Leasing Activity | FEB 2021
How has office leasing activity changed during the pandemic? Lease renewals dominated the office leasing market activity last year with renewals accounting for 70% of it in 2020 vs 29% before COVID. 📌 According to a recent report, about 43% of the renewals in Q4 were 5 years or shorter in duration. Incentives and discounts are also playing a bigger role. In the hard-hit office market of New Yo...
Continue Reading
Tampa Office Sales Comps & Report | ...
As we make our way out of the COVID-induced market uncertainty, the office outlook continues to evolve. In January 2021 the total transaction volume was $18,136,300. There was a +58.4% increase YOY from $11,445,700 in JAN 2020. Out of the 13 sales transactions, there were 9 professional offices and 4 medical office sales. While the sales volume went up YOY, there were fewer transactions executed i...
Continue Reading
Office-Using Employment Update FEB 2021 |...
Employment trends have an impact on office demand. Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. Two major office-using sectors gained jobs over the year in January 2021. The Professional & Business Services sector saw an increase of +2,300 jobs, and the Financial Activities sector saw an increase of +1,700 jobs YOY. The ...
Continue Reading
Office-Using Employment Update JAN 2021 |...
Employment trends have an impact on office demand. Analyzing office-using employment can reveal potential leasing trends & acquisition and disposition opportunities. There was consistent month-over-month growth in the Financial Activities and Professional & Bussiness Service sectors in the Tampa-St. Petersburg-Clearwater MSA from SEP-DEC. The Information sector remained unchanged from NOV-...
Continue Reading
