It’s Word of the Week Wednesday again! Let’s introduce the phrase market rent. Market rent is
the rent a typical tenant would pay for a comparable unit or suite in the same or comparable
market. On a good note to remember, A landlord may compare the contract rental rates near their
property to understand if they can increase rents, which can lead to increases in the value of their property.
Here is our new Word of the Week! Take a look at Absorption; measured by a property’s square footage, absorption explains the rate of leased up or vacated properties.
CPR wishes everyone Happy Holidays! We’ll see you in January! Our offices will be closed December 24th through December 31st.
Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances…
Commercial Partners Realty is pleased to announce that our office specialist Erik Anderson has represented the tenant SpaceLab Development, in the sublease of office space located at 100 2nd Avenue South. SpaceLab Development is extending its reach from Detroit and broadening its co-working services that offer various membership levels, ranging from a virtual mailbox to…
Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…
David Culligan of Commercial Partners Realty and Jon Slater of Lincoln Property Company represented Peltz Shoes in the sale of a 60,000 SF building situated on a 4.39-acre site to Private Label Skin Care, for $4,725,000. Founded by Chris and Gayle Estey, Private Label Skincare Florida currently based in Dunedin, FL, began as a small…
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