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How to Maximize Tenant Renewals
Traps for the Unwary -Why Renewing Tenants May Get a Bad Deal Many tenants assume that their lease will be renewed on reasonable terms and leave an insufficient amount of time for the renewal to be negotiated. It often turns out that the landlord's draft proposal...
Cost Saving Strategies to Reduce Rental Expenses
Cost Saving Strategies to Reduce Rental Expenses - Market conditions for commercial real estate are currently in a state of flux. While no one knows how severely Covid 19 will affect the market, two things are certain: rental rates will probably decrease, and...
Tips for Renegotiating Rent Due to COVID-19
6 Tips for Renegotiating Rent Due to COVID-19 - Given the unprecedented and almost total shutdown of businesses due to COVID-19, many tenants will be unable to make their rental payments in the next several months. Here in Tampa Bay, we are seeing a willingness on...
Q4 2019 Tampa Commercial Real Estate Update
The prospects for the Tampa Bay area office market remain bright!
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. Real...
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....
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