Reduction in Florida Sales Tax Rate on Commercial Lease Payments
Effective January 1, 2020, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) was reduced from 5.7% to 5.5% for payments received for occupancy periods beginning on or after January 1, 2020....2019 Tampa Bay Commercial Real Estate Rental Rates and Increases
Commercial Real Estate (CRE) Rental Rates and Percentage Rent Increases In Popular Office Submarkets in the Tampa Bay Area. Submarket Q3 2014 Rental Rate Q3 2019 Rental Rate Percentage Rate West Shore $27.23 $37.41 27% Downtown Tampa $25.52 $34.50 25% Downtown St....
Should You Sign a Short or Long Term Lease in Today’s Market?
Tenants frequently ask whether it is better to sign a short or long term commercial real estate lease. The answer is, it depends! Most commercial real estate tenants sign long term leases in hot markets when optimism is high, business is booming, and the outlook is...
Commercial Leases: The First Step in Leasing Commercial Property
Are you thinking about leasing a new commercial building or office space? Before you do anything else, review your current lease! Check for Restoration Provisions: Your existing commercial lease will spell out the obligations that relate to the maintenance and/or...