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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....
Should your Company Consider a Sale Leaseback to Access Cash?
A sale leaseback transaction is an excellent way for an owner/user to free up capital invested in commercial real estate and to convert that capital to alternative uses, primarily for their business. Sale leasebacks are an attractive alternative to conventional...
What is the Difference Between an Assignment and a Sublease?
Commercial real estate clients frequently ask how an assignment of a lease differs from a sublease. The difference is primarily a legal one, although each achieves a similar practical result. Assignment. An assignment of a real estate lease is a complete transfer of...
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