It’s Word of the Week Wednesday! Let’s take a look at vacancy rate. Vacancy rate is a measurement expressed as a percentage of the vacant space in a rental property, such as a hotel, divided by the total amount of units of the property.
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Commercial Partners Realty team member Frank Bozikovich represented Almased in the sale of their 11,189 SF office building located at 2861 34th Street S., in St. Petersburg for $1.5 million. The property was purchased by an investor who plans to lease out the office space in the Skyway Marina District. Currently, office space in the…
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Let’s look at effective rent. Effective rent, expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included.
The CPR Team Launches Commercial Partners Property Management
Commercial Partners Realty has launched a property management division operating throughout the Tampa Bay region. Commercial Partners Property Management is committed to providing clients with expertise that comes from years of practice and advanced training in commercial and investment real estate. Our property managers are passionately committed to integrity, quality and service and look forward…
CRE WORD OF THE WEEK
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…
CRE WORD OF THE WEEK
Good morning and happy holidays! It’s Word of the Week Wednesday! Let’s take a look at dock high loading. This refers to a loading dock found in most industrial properties in which the standard height of the dock is 48 inches from the ground to the floor of a warehouse. These can be accomplished via…
Happy Veterans Day!
Commercial Partners Realty wishes everyone a Happy Veterans Day! We would like to extend our gratitude to our veterans and others who have served, past and present.