commercial real estate investing

Will Empty Commercial Real Estate be Converted to Affordable Housing?

Will Empty Commercial Real Estate be Converted to Affordable Housing?

Has the pandemic sped up the change in the amount of office space we need? A recent news story by Fox Business seems to point to the new trend of converting office spaces into housing as here to stay. According to Fox Business, the trend of taking unused commercial real estate and converting it into …

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Jacksonville Commercial Development

Development Continues in Jacksonville Amidst Pandemic

While the pandemic has weakened the commercial real estate market in Jacksonville, big deals and big plans for development continue. While the office market continues to struggle, large transactions in the commercial real estate sector and the new commercial darling in Jacksonville last year, industrial, are both signs of optimism. It’s expected that the office …

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2021 commercial real estate outlook

2021 Commercial Real Estate Outlook: Waiting Out the Pandemic

For the businesses lucky to survive 2020, there is reason for optimism heading into the new year. While turning the page to January 2021 won’t magically fix the economic burdens from the COVID-19 pandemic, it will offer some hope for light at the end of the tunnel, particularly for the commercial real estate industry. Economic …

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Jacksonville Continues to be Tech Jobs Leader with Positive Impacts on Commercial Real Estate

Jacksonville Continues to be Tech Jobs Leader, with Positive Impacts on Commercial Real Estate

A new report by the jobs website Dice found that Jacksonville is one of the best markets for job growth in the tech sector in the country. Dice’s study found that Jacksonville’s tech job postings grew in September and October of 2020 faster than nearly every other city in the United States. Job postings in …

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Florida Elimination of Lease Witness Signature

Florida Lease Witness Requirement Waived

As we previously alluded to, Florida is making is easier to move commercial real estate and land transactions during the pandemic. In June, the Florida State Legislature voted overwhelmingly to eliminate the “lease witness requirement.” Prior to the passing of Florida House Bill 469 (HB 469), either a residential or commercial real estate deal needed …

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Jacksonville Commercial Real Estate Outlook Still Optimistic

COVID-19 and the expected V-shaped recession has done a number on commercial real estate, with most industries untouched by the pandemic. Even a booming market like Jacksonville has been affected by the shutdown and uneasy about reopening the economy. With over 50% of the population not returning to life until the pandemic is over, the …

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Investors Ready for a Deal, CRE Economists Optimistic This is No 2008 Sequel

Investors Ready for a Deal, CRE Economists Optimistic This is No 2008 Sequel

A recent survey of 40 CRE Economists found the majority believe that our economy is anxious to bounce back, as soon as the pandemic is behind us. That’s a pretty full sentence considering the unknown, or disagreement, over when the pandemic is over. Some seem resolute to continue on, whether cases rise or not, while …

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