Outlook: Commercial Real Estate Recovery to Begin in 2010

“We are going to see distress continue to mount this year,” Bach said. Leasing rates for all sectors, including multifamily, retail, industrial and office, will continue to rise at least through the first six months, he said. Grubb & Ellis’ Chief economist Robert Bach was in Tampa today to speak with Florida Gulf Coast Association […]

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Tampa Apartment Vacancy Hovers Around 10%

The U.S. average apartment vacancy rate was 8 percent and the asking rental rate was $1,026. Of the other major Florida markets, Miami had the lowest vacancy rate at 5.8 percent as well as the highest asking rental rate at $1,063. Tampa-St. Petersburg had a 10.7 percent vacancy rate and an $827 asking rent and […]

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Tampa Downtown Office Building Sells

I just learned that  601 N. Ashley sold last month. Besides the fact that the building is immediately next to our office, I find the sale interesting as I believe it is a microcosm of what is going on in the Tampa market. Novare Development and partners purchased the building in 2005 with the intent  to convert […]

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Florida Law Firms – Lease & Space Strategies

“This is a generational opportunity for law firms, for those whose leases are up in the next couple years,” said Jack Lowell of Flagler Real Estate Services. “We’ve been through this a few times before in Miami. These cycles last for two to three years.” This was a piece from the  Miami Herald today.  It […]

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NEW LISTING – Tampa Retail/Office Space for Rent

We have a new listing.  It is a PRIME retail/office space on Hillsborough  Av in Tampa. For further details, please see: the Retail Space Website & the Loopnet Listing Flyer Tampa Retail Space – Video 4123 W Hillsborough Av Tampa, Fl 33614 For further details, please contact: Eric W Odum, Broker 813.514.1070 Contact us at […]

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