If you’re new to investing in real estate, you aren’t alone. Both commercial and residential real estate is red hot, and markets like Jacksonville are only seeing record-breaking growth in both sectors. Typically, new investors start with residential real estate and move to commercial once they’re more established. However there’s no real rhyme or reason …
While most of the offices in the United States still sit empty (or at lower capacity) one of the booming areas of the commercial real estate industry centers around the increased demand for warehouse spaces. CNBC recently did a report on the booming warehouse demand across America, as e-commerce plants its foot firmly on the …
CNBC Touts Warehouse Boom in CRE Industry as Jacksonville Sees More Demand Read More »
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 …
Will Empty Commercial Real Estate be Converted to Affordable Housing? Read More »
It’s tax season again. Although payments are expected to be delayed again this year due to the pandemic, now is a good time to make sure that you are making the most of your investing efforts. Commercial real estate comes with very unique tax rules and offers variable options. While investing in areas like the …
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 …
Development Continues in Jacksonville Amidst Pandemic Read More »
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 …
2021 Commercial Real Estate Outlook: Waiting Out the Pandemic Read More »
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 …
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 …
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 …
Jacksonville Commercial Real Estate Outlook Still Optimistic Read More »
Bailouts and stimulus checks have been implemented. $2 Trillion in capital has helped the Stock Market rebound. Real estate mortgage rates are expected to remain low, driving up the price of housing. But one of the hardest hit by COVID-19, commercial real estate, remains largely on its own. While other industries, and many Americans have …
