Google Application to Predict Real Estate Turnaround?

Ok, So I am a computer and data geek?  What can I say?  Since the time I was young, I had trouble recalling names, places and what I did the day before, but I sure as heck could recite names, numbers and statistics of the Miami Dolphin’s 1972 football team.  I also loved to use […]

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Unemployment in Tampa Area Increases; Pressure will Continue on Commercial Vacancy

Unfortunately, the Tampa Area unemployment rate continues to climb. Until the unemployment rate increases reverses its negative trend, the area commercial real estate vacancy rates will continue to be under pressure. The Tampa Bay area’s jobless rate jumped half a percentage point to 12.3 percent, making it the most job-challenged major metropolitan area in Florida. […]

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Asking Rents in Tampa Projected to Fall by 3.9% + Other Lease News

(TAMPA, FL) — As vacancy in the metro Tampa office market climbs and rents recede, property owners and investors continue to look for the turning point that will signal the onset of an economic recovery. Marcus & Millichap predicts a 20.5 percent vacancy rate by year end. Rents are forecast to slide 7.9 percent to […]

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University of Florida – Survey of Real Estate Market Conditions Q3-2009

Tampa-St Petersburg • Cap rates in the Tampa-St. Petersburg area are, on average, higher (0.32 percentage points) than that of the state, and range from 8.5% (Apartments) to 16.4% (Condo Conversion). • Cap rates increased over the past quarter across most property types, with the largest changes occurring in Condo Conversion (+6.92% change) and Free […]

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Florida Immigration Attorney Chimes in on US Visas for Real Estate Investors

I had the pleasure of sitting down with attorney Fernando Perez, of Perez and  Associates in Tampa, Florida this week to discuss immigration issues with real estate investors.  Mr. Perez has been practicing immigration law since 1982.  He is a regular contributor on FOX News and Univision related to immigration issues.  He is a “go-to” guy in […]

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Tampa Office Vacancy Continues to Climb

Excerpt from the Tampa Bay Business Journal: Vacancy rates are continuing to rise in the Tampa Bay area’s office market as regional employment is expected to decline by 54,600 jobs by year’s end, states a fourth-quarter report by Marcus & Millichap. About 2,100 office jobs have been eliminated monthly throughout 2009, dropping overall office employment […]

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