Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month.
Our offices will be closed November 25th-26th. Happy Holidays!
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CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
Dr. Martin Luther King Jr Day : Office Closed Jan 16th 2023
In observance of Martin Luther King Jr. Day, Commercial Partners Realty will be closed Monday, January 16th, 2023.
Tampa Bay Industrial Outlook
The Tampa Bay industrial market is one of many nuances. There are some systematic similarities, but as real estate goes, location makes a difference. As a whole, the industrial market has continued to see strong growth as increased demand has resulted in higher property values and lease rates. As a result, new construction has continued…
CRE WORD OF THE WEEK
Good morning! Welcome back to Word of the Week Wednesday! Today let’s look at 1031 exchange. A 1031 exchange is a provision from the U.S. Internal Revenue Code. It allows a seller to defer paying capital gains taxes when a property is sold, and proceeds are reinvested in another property within a certain timeframe.
CRE Market Insights – Retail
Uncertainty = Opportunity Market conditions always change, it is inevitable. However, the pace of change has been greatly accelerated due to the pandemic, creating uncertainty in the commercial real estate and Capital markets. Users of office space have been uncertain as to how their needs of space will change. Recent data indicates that only 12%…
One Man’s Vision Leads to Neighborhood Success
When Frank Bozikovich looks at South St. Pete he doesn’t see its troubled past. Frank sees opportunity. As a long-term resident of Broadwater and local commercial Realtor, Frank’s daily commute took him past the challenged landscape of US 19 South. Properties in decline after the loss of most of the big box stores caused prospective…