LWR Commercial
Archive for October, 2008
Living in and around Sarasota
Oct 16th
Explore Sarasota Florida, the ever-evolving Florida destination. Sporting the finest beaches in the world, including Siesta Key, Lido Key, Anna Marie Island, Longboat Key & Lakewood Ranch, Sarasota is a small community rich in culture, fine restaurants, and the wonderful Sarasota Florida climate.
Located on the West coast of Florida, 45 miles south of Tampa, Sarasota Florida real estate offers something for everyone. From single family homes on the Sarasota mainland, to condominiums on Siesta Key Longboat Key and Lido Key; Anna Marie Island; New Home construction in Lakewood Ranch & Manatee County; Old Florida charm in downtown Sarasota; Gated Communities and golf course settings – Sarasota has it all… Come to Sarasota – You have earned it!
Sarasota Florida is known as the “crown jewel” of the South. The pure white crystal sand beaches of the Sarasota barrier islands of Siesta Key, Lido Key, Anna Marie Island, Holmes Beach and Longboat Key, a booming economic climate and the overall Sarasota Florida real estate community attracts tourists from all over the world. Every season offers a totally unique experience! Make your plans now to visit the wonderful Sarasota area.
Sarasota – A World Class Community
Our flourishing educational, cultural & economic landscape and the diverse opportunities Sarasota offers makes it easy to understand why Money Magazine named Sarasota Florida:
#1 Best U.S. Small City and Best Places to Retire in the U.S.
Sarasota Named Arts Capital of Florida
According to a recent article in Southern Living magazine, Sarasota Florida and Sarasota County is the nations per capita Arts Capital.
The rich arts landscape of Sarasota includes the world-class Florida West Coast symphony, Sarasota Opera, Van Wezel Performing Arts Hall, Asolo Performing Arts, John Ringling Museums, Sarasota Ballet, Selby Bottanical Gardens, Sarasota Film Festival, Sarasota Music Festival, Banyan Theater Company, Tampa Performing Arts, Sarasota Film Society, Venice Little Theater, Manatee Players, Circus Sarasota, G Wiz Museum, Golden Apple Theater, Sailor Circus, Players Theatre, Sarasota Jazz Club, Ruth Eckerd Hall, Burns Court, & Towles Court art communities.
In downtown Sarasota visit the Friday night gallery walks, catch the music once a month at “Downtown After Five’ or spend a Saturday morning at the Sarasota Farmers Market, the new Whole Foods Market or relax at the Sarasota News & Bookstore. Sarasota is also home to the Ringling School of Art & Design.
Purchasing Sarasota Commercial Real Estate
If you are considering purchasing Sarasota commercial real estate we welcome the opportunity to assist you in your decision. Whether you are looking for office, retail, industrial or vacant land.
Why Sarasota is a good commercial real estate investment
Get my Free insider up-to-date information on the Sarasota commercial real estate market, check out Sarasota Commercial Real Estate News and use the Real Estate Glossary which defines the most commonly used real estate terms.
For Sale / 1510 South Tuttle Ave, Sarasota FL
Oct 16th
Standalone Professional Office Building
The offering, located at 1510 South Tuttle Avenue, is an extremely well located 6,542 square foot office building in Sarasota. The property was designed and built in 1983 by the Tichenor Group architect for his own use. The interior is open to sunlight and enjoys an excellent ambiance.1510 South Tuttle Avenue is an excellent value opportunity for an owner/user. A buyer could occupy the entire building with their own business, or take part of the space and keep existing tenants. Existing leases are month to month leases and are currently paying well below market rent.The property benefits from its ideal location on Tuttle Avenue between Bahia Vista and Webber, an area known for it’s medical practices and small businesses.
Financial Crisis Impact on Commercial Real Estate Investment Market
Oct 13th
- In the short term, further economic weakness will be reflected in higher vacancies; however, limited construction during the past cycle should keep vacancy rates below prior-peak levels, with the exception of retail. A prolonged credit downturn is the greatest risk to the forecast.
- The credit crunch is hindering transaction velocity and will further pressure prices in the short term; however, it is also resulting in a significant dropoff in construction starts.
- Apartments continue to report the healthiest fundamentals, followed by warehouses. The office and retail sectors will show further weakness in the months ahead.
- High-profile defaults, mostly high-leverage deals closed at the market’s peak, failed conversions and speculative development, are significantly more challenged than the overall marketplace.
- Commercial mortgage delinquency rates will rise from current lows but are not expected to reach prior peak-levels in most property types.
- Recent financial market turmoil will further fuel the “flight to safety” among commercial real estate investors and lenders. Top-tier properties in primary markets will remain the least vulnerable to price correction.
I think the most influential piece of information there for the Sarasota, Lakewood Ranch markets are that while the speculative develpoment which Southwest Florida and particularly Lakewood Ranch saw so much of are going to be particularly challenging, the top-tier properties should fare well. I believe the Class-A and truly top-tier office space will weather this just fine, the office condos and warehouses in secondary locations for Sarasota, Bradenton and Lakewood Ranch will take a little longer to recover.
There is plenty of equity in the market, as Sarasota commercial real estate values doubled from 1997 to 2007, and a substantial volume of cash remains on the sidelines. Beyond the current financial market turbulence, investors will be looking to redeploy capital. The price expectations gap between commercial real estate buyers and sellers will take time to narrow. However, the ector’s advantages as a hard-asset class with favorable long-term returns, an inflation hedge and relative stability against an extremely volatile stock market will attract a new round of capital. More clarity on Sarasota’s economic direction and redefined pricing will have to materialize as precursors for the emergence of this next cycle.
Sarasota Investment Property
Oct 10th
Bradenton Sarasota Investment Real EstateCommercial • Industrial • Retail • Office • ResidentialSales • Leasing • ManagementInvesting in Sarasota Manatee real estate investment property might not be as strightforward as in the previous boom, but for the patient and capitalized investor, there are many commerical investment opportunities. Especially in today’s market where the Sarasota and Manatee real estate investment property prices are incredibly volatile.You need local market knowledge to make sure you are getting a valuable Bradenton Sarasota real estate investment property with real underlying value.Be sure when you invest in the Lakewood Ranch, Sarasota real estate investment property that you are getting the best possible venture in today’s sometimes overly pessimistic market. Take advantage of the the local experts you require for real estate transactions in Southwest Florida. Our experienced professionals live here, work here and guide the commercial transactions for many of the area’s most successful businesses and prominent properties.Our long and successful commercial investment experience in the Sarasota, Bradenton and Lakewood Ranch markets work to your advantage. Through Hembree & Associates, you have access to:
- An extensive and established business network for added clout in negotiations.
- Relationships with quality tenants.
- Background on the areas most dynamic hotspots
- An entire team of experts driven by our philosophy of providing unmatched quality to our clients.
I hope you can see why I’m proud to be one of Southwest Florida and Sarasota’s most reputable commercial real estate firms. I look forward to serving you in your investment property goals.
