Investing in Commercial Real Estate In Florida Is Investing In Growth
According to the Census Bureau as of the end of 2013 Florida has 19,500,000 people. Florida is closing in on New York which currently is slightly ahead at approx. 19,600,000 people. This is a difference of only ½% However, since the last census of 2010 Florida’s population grew by 3.75% as compared to New York’s growth rate of 1.3%. Florida is poised to overtake New York and become the...
Read MoreTampa Bay Job Growth Offers Good Prospects for Florida Investment Property
Tampa Bay suffered proportionately more than the rest of the country during the recession of 2008. In fact, for Tampa Bay, job losses started before it occurred in the rest of the country. The good news is that the recovery in the Tampa Bay real estate market has been at a more rapid pace than the USA and it it forecast to remain higher Comparison of Tampa Bay Non-Farm Employment with that of...
Read MoreFlorida Investment Property Is Still A Bargain In Spite Of The Recent Increase In Interest Rates
Interest rates for commercial real estate loans have jumped considerably. In May 2103 the interest rate was 4.14%. In September 2013 the rate has increased to 5.7%. These rates are indexed to the 10 year treasuries. Under normal circumstances rising interest rates would cause a decrease in the value of commercial real estate. This has not occurred because the interest rates were, and still...
Read MoreFlorida Apartment Buildings For Sale – Asking Prices Per Unit In Florida and Tampa Bay
In Mid 2006 the asking price per multi-family unit was $118,000/ unit in the state of Florida. Then came the market correction. Asking prices for Florida apartment buildings for sale declined and dropped to $62,000 per at the end of 2011. Asking prices remained more or less flat finishing 2012 at $61,000 per unit. 2013 saw the first significant increase in asking prices, increasing to...
Read MoreInvestment Opportunities With Short Leases
Commercial real estate investors concentrate on current net Operating Income when making an investment. They also want stability so they pass on properties that have leases coming due. There are often opportunities in properties that have leases coming due. Property owners made some low lease rate deals during the recession in order to reduce vacancies and many of those leases are now...
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