Real Estate

What are the biggest trends impacting commercial real estate in 2020? How are they affecting the Tampa Bay market? At Cushman & Wakefield’s recent Tampa Bay State of Real Estate event, national and local experts tackled these questions through a series of engaging presentations and panels, offering insight on everything from the national economy to

TBBW’s Virtual Connect series was created to bring our readers together to hear panels that can help them with various business endeavors during the COVID-19 crisis. Bridgette Bello moderated the panel via Zoom. Panelists Stephanie Lieb, shareholder, Trenam Law Ryan Toth, regional director, The Beck Group Danny Rice, managing director and market leader, Colliers International

Tampa Bay will continue to flourish as we approach the next decade. We are one of the fastest growing major metropolitan areas in the nation, with dynamic companies representing some of today’s hottest industries. Our increasingly diversified economy is generating jobs, and in turn supporting the phenomenal expansion in the commercial real estate sector. Office

Tampa Bay’s industrial real estate market is enjoying strong leasing and development activity halfway into 2019. Healthy population and employment growth in the Tampa Bay area are fueling demand for quality, well-located industrial space which, in turn, is encouraging investors and developers to build new product. In Hillsborough County, 1.5 million square feet of new

INDUSTRIAL Economy The Tampa Bay economy accelerated over the past year, adding more than 26,200 jobs for an annual growth rate of 1.9 percent. As of February 2019, the unemployment rate in Pinellas County fell by 20 basis points over the past 12 months, to 3.3 percent. Nearly all industrial-related industries saw employment growth. Transportation,

INDUSTRIAL Economy As of February 2019, the unemployment rate in Hillsborough County fell by 30 basis points over the past 12 months to 3.3 percent. Nearly all industrial-related industries saw employment growth. Transportation, warehouses and utilities had the bulk of job gains, adding 1,600 jobs and a job growth rate of 5.3 percent. The region’s

After years of buying, selling and investing in homes and properties in the St. Petersburg area, Bonnie Strickland formed Strickland Property Group in St. Petersburg. Raised in a family of brokers, investors, contractors, and architects, she developed an appreciation and an understanding of the real estate industry early in her life. Since 2010, her career

The Tampa Bay area’s office market has hit a sweet spot. From extraordinary year-over-year job growth to record-high rental rates, as well as strong demand from a wide variety of tenants, the signs all point to one thing—the time is finally right for new office development in the market. Asking rental rates for top-of-market office

RSM US, a national provider of audit, tax and consulting services focused on the middle market, will relocate its Tampa office to Sparkman Wharf, Water Street Tampa’s first office offering, this July. “We’re excited for the opportunity to be one of the first offices located in Water Street Tampa and to relocate into a larger

An overwhelming majority of high-end home buyers, internationally, see their investment as more than a financial one, according to a study conducted by Luxury Portfolio International, a leading division in luxury real estate around the globe. Luxury homes are established as a place to set down roots and create deep emotional ties. For that reason,

Business leaders often watch commercial real estate activity to see how the economy is doing and where it’s going. So, it’s good news that things look bright for the Tampa Bay commercial real estate market and, in turn, the local economy. With this in mind, here are seven commercial real estate trends to watch as

Coral Rock Development Corp. and Arena Capital Holdings, both based in Miami, acquired Prospect Towers in downtown Clearwater for $13.5 million. The senior living high-rise has 208 independent living units and sits on 2.3 acres. Coral Rock and Arena Capital plan to renovate the property, including the interior. Innovation Senior Management will manage operations of