3 Reasons Why Property Managers Love Short Term Office Rentals

If you’ve ever had to look for office space, you know it can be sometimes prove to be a hassle. In Tampa Bay, we’re seeing a tightening of the office market, with low vacancy and little incoming development. Even after you’ve found the right office to lease there may be some kind of waiting period – […]

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Tampa is Building for Its Future, But There Are Still Hurdles to Cross

Tampa has been experiencing a developmental boom. In downtown, in the up-and-coming Heights, an in Westshore, projects are underway. From office to residential and mix-use, Tampa has put itself on the map with the promise of new growth and direction. But with so much development coming down the pipeline, concern is growing among politicians, residents […]

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Why Downtown Tampa’s Encore Development Deserves a Standing Ovation

Downtown Tampa has entered into an era of redevelopment and revitalization. The city is embracing the concept of urban living and are concentrating efforts on a renewed interest in downtown’s potential for growth. There has been a push from the public and private sectors to bring downtown Tampa to the national forefront. Most recently, Tampa […]

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Don’t Let a Commercial Property Restoration Put You Out

Depending on which report you read, this hurricane season could prove to be a below-average year — or one that brings some high-intensity storms to Florida. Per an article in Florida Trend magazine, “The Weather Company, an IBM Business, now expects a total of 14 named storms, 7 hurricanes, and 3 major hurricanes for the […]

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Largo Apartment Complex Sells for $10.55 million

This month, Conerstone Pointe, an apartment complex in Pinellas County’s popular Largo sub-market was sold for $10.55 million. The 111-unit complex, located at 301 Seacrest Dr. (33771) is comprised of eight, 2-story buildings. Franklin Street represented both the buyer – Milbrook Properties, Ltd. (NY), and seller – a private investor. The successful sale comes at […]

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24-Unit Tampa Apartment Building Sells

Investment specialists with Marcus & Millichap arranged the sale of Manhattan Luxury Apartments, a 24-unit apartment building located in Tampa (4205 S. Manahattan Ave., 33611). The 24 one bed/one bath units each offer 600 rentable square feet and the property occupies 0.73 acre in Tampa’s Westshore neighborhood. The property sold for $2,825,000. For more info […]

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Westshore’s Eisenhower I Office Building Sold

The Eisenhower I office building (5104 Eisenhower Blvd., 33634) in Tampa has recently sold for $31.4 million. Tier REIT  sold the 4-story, 130,000 sf office building, located in the Westshore sub-market, to Strategic Office Partners. Built in 1998, the office building occupies nine acres in the popular office sub-market. For more info on this sale, […]

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Top 6 Things to Expect During a Commercial Relocation in Tampa Bay

Commercial relocation: it’s a fact of life. Companies — both large and small — are always moving their offices throughout Tampa Bay and the rest of the state. Those moves might be within the same building, within different floors of a building or across town. Because of the complexity of some of these moves, most […]

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How to Get Rid of Your Old Office Furniture

One question we hear time and again as commercial real estate brokers is what to do with old or unwanted office furniture. Usually, this question comes up because a client is downsizing or relocating their office. Sometimes they are just upgrading current furniture to something nicer. Either way, the larger the company, the more furniture […]

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MedHOK Renews and Expands in Tampa

The Medical House of Knowledge (MedHOK) renewed its lease at Tampa’s International Business Center and expanded into an adjacent unit. The International Business Center is located at 5550 W. Idlewild Ave., 33634 and spans 48,409 square feet over four acres. MedHOK’s expansion now puts them at 19,219 square feet of occupancy in the building. For […]

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