Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month.
Our offices will be closed November 25th-26th. Happy Holidays!
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CRE WORD OF THE WEEK
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.
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…
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…
Recent Transactions
The QA Team of Dan Quarles, Austin Karrick and Erica Lovingood continue to have a strong year in 2019. The following are the most recent transactions from Commercial Partners Realty’s Pinellas County Office/Industrial team. Represented the landlord, Mainstream America, Inc., in the lease of 15,000 SF of flex space in the Petersburg Commerce Center, located…
CRE WORD OF THE WEEK
Good morning everybody, It’s Word of the Week Wednesday! Let’s take a look at due diligence. Due diligence is the important process of investigating all issues and information on a property that would affect the desirability and purchase/sale of that property. A prospect is generally given a due diligence period to conduct inspections and tests…
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday again! Let’s look at short sale. A short sale occurs when the sale price of a property is less than the amount owed to the lender and when the lender accepts this amount as full payment for the asset. Those funds not repaid to the lender can…