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By John Milsaps - July 30th 2020
Resilience is the new “normal”. COVID-19 has presented challenges for everyone, including office property owners. We’re living through extraordinary times, but while circumstances are changing daily, we can navigate these difficulties by looking at data, tracking evolving market trends, and looking for emerging opportunities. As we move forward in the recovery process we are beginning to see more normalized market trends. SNAPSHOT YEAR-OVER-YEAR 2020/2019 In April of this year, transaction volume was $9,385,000 versus $22,117,957 in 2019. This exhibits a […]
By John Milsaps - July 29th 2020
Office Market Mid-Year Executive Update As we move into the second half of the year, and the second wave of COVID-19, office property investors are standing by to see how the pandemic affects the office market. While many feared the dramatic exodus from office to remote work that took effect from one day to the next would mean the end of the office market, that scenario just isn’t playing out. In Tampa, although the number of transactions undoubtedly slowed temporarily, we’re seeing sales volume […]
By John Milsaps - June 29th 2020
The Tampa-St. Petersburg-Clearwater area unemployment numbers are out. Here’s a snapshot of what took shape in May: The unemployment rate in our area decreased month-over-month from 13.2% to 13.1%, potentially benefitting slightly from the beginning of the business and government reopenings taking place across the state. In other areas, we saw mixed results: Pensacola unemployment dipped to 11% in May from 11.8% from April. Gainesville and Tallahassee areas were the only regions in single digits, both at 8.7% for the […]
By John Milsaps - May 27th 2020
The COVID-19 pandemic hit the United States like a ton of bricks. The hardest hit cities closed down for months with many local governments imposing stay-at-home and shelter-in-place orders. Non-essential office workers were asked to work from home leaving empty buildings across the country. As the country starts reopening and companies begin phased return-to-the-office initiatives, it’s now time for office building owners to start preparing the facilities for the return of people to the site. Many owners are asking themselves, […]
John Milsaps has spent the past decade dedicated to his role as a commercial real estate professional who specializes in landlord representation and seller representation. Working as a senior advisor with SVN Florida Advisors, he has consistently proven both his commitment to his clients, as well as his extensive knowledge of varying commercial space transactions. His familiarity and understanding of the Tampa bay business community only furthers his ability to connect business owners to the right strategic partners or buyers, whether local or nationwide....