[Transcript from video] Bryana (00:02.602) Hi, I’m Brianna. I’m an intern here at Florida Investment Real Estate and I’m a junior at the University of Tampa. And today we’ll be talking to another one of our fellow agents, Ms. Jill Coulter. Jill Coulter (00:15.436) Hi Brianna, how are you doing today? Bryana (00:17.642) Good yourself. […]
Exposing Title Fraud: Insights from Commercial Real Estate Experts in Florida
[Transcript from video] Eric Hello, I am Eric Odum, the Broker for Florida ROI Commercial Property Brokerage here in Tampa, Florida and wanted to take just a minute to introduce one of our attorneys that we use on a regular basis, Larry Silvestri. Larry, correct me if I’m wrong, I think you have over 35 […]
MBA Reports Considerable Decline in Commercial Real Estate Loans
According to the Mortgage Bankers Association, commercial and multifamily real estate mortgage loan originations were down 53% compared to the previous year. However, there was a 23% increase from the first quarter. The Tampa Area commercial real estate market has generally held up better than the nation, but it has not been immune to the […]
Florida’s Commercial Rent Tax Cut
Companies that lease or rent commercial properties are required to collect and remit applicable sales tax to the Florida Department of Revenue. Lessees can incur hundreds of dollars in additional rental expenses each month due to this tax. With Florida being the only state that charges sales tax on commercial rent, House Bill 7063 aims […]
Florida’s Insurance Crisis
It should come as no surprise that Florida’s property insurance premiums are skyrocketing, but hurricanes are not the only reason this is happening. Florida is a risky market to begin with. It’s ground zero for hurricanes in America, historically being impacted by 40% of all hurricanes that make landfall in the U.S. This environment already […]
Does AI Lease Abstraction Software Eliminate the Need for Human Lease Administrators?
AI lease abstraction software has revolutionized the way businesses manage their leases. By leveraging advanced machine learning algorithms, these tools are able to quickly and accurately extract key information from complex lease documents, such as rent amounts, lease terms, and renewal options. This has greatly improved the efficiency of the lease abstraction process, allowing businesses […]
The Importance of Lease Options for Retail Tenants and the Risks of Missed Renewals
For retail tenants, understanding the concept of lease options and implementing proper lease administration is of utmost importance. Lease options provide tenants with the opportunity to extend their lease agreements, ensuring stability and continuity for their businesses. In this article, we will explore what lease options entail, how to structure them effectively, the risks associated […]
Florida Implements Foreign Investment Restrictions on Real Estate – Senate Bill 264
Effective July 1, 2023, Senate Bill 264 will bring new restrictions to the Florida real estate market. Citizens of China, Russia, Iran, Cuba, Venezuela, North Korea, and Syria are the named countries of concern that the bill targets. With the goal to protect the state’s interests and improve national security, citizens belonging to these countries […]
Driving Growth in St. Petersburg Commercial Real Estate Market
The commercial real estate market in St. Petersburg, Florida, is experiencing a significant growth trend. This vibrant hub of activity in Pinellas County has attracted many new businesses to the region in recent years, thanks to its diverse range of available retail, office, and warehouse properties. Its location near Tampa Bay and major highways and […]
Tampa Commercial Real Estate Industrial Report
Tampa’s industrial market has been on a roll, with a strong pace of growth over the past few years. The market boasts impressive leasing activity, historic rates of net absorption, and robust rent growth. It’s not just the market’s fundamentals that are impressive; Tampa’s strategic location provides a logistical advantage that neighboring Orlando cannot match. […]