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May 20, 2018
Florida commercial real estate industry ranks third in U.S.

Photo: Keith Douglas

Florida Trend Real Estate

Florida commercial real estate industry ranks third in U.S.

| 4/2/2018

Florida commercial real estate industry ranks third in U.S.

Florida’s commercial real estate industry contributed $189.4 billion to the state’s economy in 2017, the third most of any state, according to an annual economic impact study. Only California and Texas contributed more, according to a NAIOP Commercial Real Estate Development Association survey conducted by George Mason University. Download the white paper, "Economic Impacts of Commercial Real Estate." Also read more at the Jacksonville Daily Record.

Do open houses sell homes in the internet age?

The way people search for homes has changed dramatically since the 1990s. Today, more than 94 percent of home buyers are using the internet when beginning their home search, not the local paper and not driving around neighborhoods. [Source: Tallahassee Democrat]

Bridging the gender divide in commercial real estate

Barbara Liberatore Black’s rise to managing director of JLL’s South Florida office was not an easy one. Currently the only female executive in her office, Black was also one of the first women in commercial real estate in Miami. Women in the field find the deck is largely stacked against them, even as some top firms have been celebrated for their inclusionary policies. [Source: The Real Deal]

As interest rates rise, many Florida homebuyers rush to sign on dotted line

The pattern is being repeated in real estate brokerage and loan offices around the state. Fearing rising interest rates, would-be homebuyers are speeding up their home searches and quickly signing on the dotted line, according to lenders, brokers and developers. [Source: South Florida Sun-Sentinel]

See also:
» Hundreds of new apartments rise as housing market tries to meet demand

'Greenwashing' in the Southwest Florida real estate market

If you're looking for a green, energy-efficient home, you need to be on guard. That's because some homes are being marketed as environmentally-friendly and energy-saving when they're not. The practice is called "greenwashing," and experts said it's a growing problem. [Source: NBC-2]

STAT OF THE WEEK
89.2 percent
The year-over-year rise in house flips in the 33716 zip code in St. Petersburg. [Source: Tampa Bay Times]

ALSO TRENDING:

› Here’s what almost $7 million will buy along the Gulf. Hint: It’s gorgeous
It’s early in 2018, but a single-family, gulf-front home on Longboat Key recently sold for $6.8 million, making it the highest price paid for a single-family home in Manatee County this year. Or last year, for that matter.

› Average home sales price in Brevard County up 15 percent
Average home sales price in Brevard County is up 15 percent to $247,000 compared to February 2017. Statewide, Florida’s housing market reported more closed sales, more new listings and higher median prices in February even as for-sale inventory remained tight.

› Florida real estate law group adds partner
Treiser Collins has expanded its real estate law practice with the addition of Thad D. Kirkpatrick as partner, the firm announced. Kirkpatrick focuses on commercial and residential real estate, real estate development and construction law, title review, title insurance and closings and general business matters.

Surreal estate: Sarasota partners hit unlikely jackpot [Sarasota Herald-Tribune]
Longtime friends, too, Ross Bryans and John Petitti recently inked a deal to sell 100 rental units in three apartment complexes to two companies — one local and one from Houston — for $11.3 million. They had paid $4.3 million during the Great Recession.

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