With the high rates of insurance, many property owners have been considering self insurance. Could this be an option for you? Patrick DelMedico from Shepherd Insurance discusses the positives and negatives of self insurance. Click here to watch the video.
SRQ Market Pulse – Critical Insurance Coverage
Patrick DelMedico from Shepherd Insurance is back to answer what types of coverage are most critical, and why is business interruption insurance important? Click here to watch the video.
How Can Property Owners Increase Their Property Value Despite Challenges – with Special Guest Patrick Delmedico from Shepherd Insurance
We are continuing our conversation with Patrick DelMedico of Sheperd Insurance, discussing how insurance companies determine their rates, and some things you can do to lower those rates. Click here to watch the video.
How Do Insurance Companies Determine Their Rates?
We are continuing our conversation with Patrick DelMedico of Shepherd Insurance, discussing how insurance companies determine their rates, and some things you can do to lower those rates. Click here to watch the video
SRQ Market Pulse with Susan Goldstein, Senior Commercial Real Estate Advisor
Join us in the first part of the series with Patrick DelMedico of Sheperd insurance. We’ll discuss how property owners can navigate the ins and outs of property insurance to minimize their costs and maximize their property values. Click here to watch the video.
Urgent Action Needed: 2.5% Savings on Lease Costs is Available Starting on June 1, 2024
In case you missed it, starting June 1, 2024, the sales tax imposed on commercial property will decrease from 5.5% to 3%. Landlord’s, make sure your invoices are updated. Tenants, the invoice you received is not an error but a decrease of 2.5% based on Florida’s change in Legislation. Enjoy this good news!
Capitalization Rate
With a shifting velocity and cap rate, Sarasota’s Commercial Real Estate market is in motion. The average market cap rate is currently 8.7% vs. 7.3% at the end of the 3rd quarter. What is a Cap Rate? Capitalization rate, sometimes known as cap rate, is a metric for assessing a property’s investment potential. It’s the … Continue reading Capitalization Rate
Market Velocity
🔍 Market Dynamics: With a shifting velocity, the velocity of the market in this first quarter of 2024 is is 2.86% based on sales volume and 6.02% based on number of transactions. What is Velocity?Velocity: The market’s velocity refers to how quickly properties are bought or sold. A high velocity indicates active buying and selling … Continue reading Market Velocity
Market Absorption
📈 Absorption: Despite facing challenges with a negative absorption rate, the negative absorption is shrinking. Currently we are reporting a negative absorption of -9900 square feet, a dramatic improvement from negative 124,000 in August 2023. What is absorption? The rate at which vacant space is rented out or utilized by tenants is referred to as … Continue reading Market Absorption
Office Leasing Market Dynamics
“✨ Competitive Edge: Sarasota’s office market boasts a low vacancy rate of 4.4%, underscoring a competitive edge even as we navigate Commercial Real Estate in vacancy and tenant movement. This metric showcases office demand, a reminder of the strength and appeal of our market, and the need for strategic foresight in leasing decisions. #CompetitiveMarket #StrategicLeasing