Good morning! It’s Word of the Week Wednesday. Let’s look at effective rent. Effective rent, expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included.
Welcome to the first Commercial Real Estate Word of the Week. With these new weekly posts, we want to explain terms, concepts and definitions to provide transparency of the real estate transaction process to our clients, partners and colleagues. We hope you enjoy and find our future posts valuable.
Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new and interesting deal in the last quarter of 2022. Commercial Partners Realty is pleased to announce that our retail specialist Frank Bozikovich has closed on a new and interesting lease deal to start the last quarter of…
Commercial Partners Realty has had a robust year thus far in 2022, completing 56 commercial real estate transactions in the Tampa Bay Market. Below are some of our influential transactions we in the 3rd quarter: CPR Broker Scott Clendening represented the Tenant Gemini Engineering & Sciences Inc., in the lease of an office space for…
Commercial Partners Realty is pleased to announce some new transactions in the Tampa Bay market. Team member Marko Radosavljevic represented the buyer, Nextteq LLC., in the purchase of a 22,500 SF Tampa warehouse. Located at 13901 Lynmar Blvd in Tampa, this property had previously been under contract twice before the final sale, and the purchase…
In observance of Martin Luther King Jr. Day, Commercial Partners Realty will be closed Monday, January 16th, 2023.
We are pleased to announce that Commercial Partners Realty’s Broker Scott Clendening assisted Bridgepoint Church with the sale of their 0.70-acre parking lot property in the Mirror Lake District and situated at the corner of 3rd Ave N & 8th St. N. in St. Petersburg. On April 8t the parking lot was sold for $4,950,000…
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