A look at macro and micro trends including my monthly Tampa Office Sales Comps Report The Big Picture As we move into the second half of this unprecedented year, more companies are starting to make decisions and moves to accommodate the new workplace reality. Just this week,...

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...

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...

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...

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...

Office property sales in the time of coronavirus will undoubtedly see changes as the office property landscape shifts and adjusts to our new reality. Some changes will come as a result of the approximate two-month closure of the economy while others will be prompted by new...

Over the last few years, we’ve been enjoying a boom in the commercial real estate markets, and here in Tampa, the benefits of a strong and rapidly flourishing economy. In the midst of this bustling economy and strong growth for office property owners, we were blindsided by...

With so many office workers working from home, will the remote-work trend stick? Before coronavirus, the remote work trend had yet to take off in force. Early adapters like IBM who pioneered the remote work movement ended up reversing their policies calling workers back to the...

How professional office owner/occupiers can gain access to cash, alleviate debt, and remain in their current office space.  Business owners and professionals are experiencing one of the biggest challenges they have faced in their lifetime. Some industries have been hit harder...

In November, there were 19 medical and professional office sales transactions executed in the Hillsborough County/Tampa area*: Total Transaction Volume: ~ $26,117,800 AVG Sale Price: Professional: $1,362,282 | Medical: $1,479,500 The AVG Price/SF: Professional: $183.21 | Medical:...