Offices emptied out during the pandemic. Now, they’re filling back up again, and Florida has one of the nation’s healthiest office markets. Central business districts in Miami and West Palm Beach are experiencing building booms, while the CBDs of Tampa and St. Petersburg are showing robust occupancy and rent growth.
As more investors look to add commercial real estate to their portfolios, demand for commercial property has risen to new heights. Many prospective investors will look at dozens, even hundreds, of properties before making an offer to purchase. Before they do so, however, most will submit what’s known as a “letter of intent” – or LOI – as a precursor to a more formal, binding agreement with the seller or landlord.
My good friend and guest today, Larry Feldman, has over 30 years experience owning and operating major downtown office buildings. He has seen and survived multiple severe economic downturns.
The Radical Lobbyectomy This is “The Radical Lobbyectomy” by Feldman Equities on Vimeo, the home for high quality videos and the people who love them.
In the last 25 years, there have been only two serious downturns in commercial real estate, and one lasted less than a year. When people
In media coverage and popular perception, one steady theme has held constant throughout the COVID pandemic: The office market is struggling, perhaps even dying.
Most urban residents know that there are literally thousands of commercial buildings in a metropolis, but perhaps beyond an occasional interaction a building superintendent or landlord, give little thought to the matter of who operates a structure.
War-clouds over Russia, soaring oil prices, domestic inflation—all that is needed is a disco beat to bring back the 1970s to America.
Here are the steps you need to know when investing in commercial real estate and some tips to get you started.
Cap rates can be an incredibly valuable tool for investors looking to establish a property’s value. The cap rate, expressed as a percentage, is calculated by dividing the property’s net operating income by its purchase price. The resulting percentage generally ranges anywhere from 3 percent to 15 percent or more.
