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Florida Commercial Real Estate Market Report
Florida Commercial Real Estate Market Report
Florida Commercial Real Estate Market Report
Forsberg presents:
The latest results from the NREI Investor Sentiment Survey show that investor confidence is not only surging forward, but investors also are preparing to accelerate their commercial real estate buying in the coming months. After taking a slight step back in second quarter, the Investment Sentiment Index moved five points higher to 171 in third quarter. That is a significant milestone as it marks the highest level the index has achieved since the survey first began in 2004. The Investment Sentiment Index measures investor views on key fundamentals such as improving occupancies, rising property values and plans to increase commercial real estate holdings. The index and broader survey results reinforce views that investors are gaining confidence in both the economic and
commercial real estate recovery. Unless you have been living under a rock, you cannot help but notice a HUGE increase in traffic, and an increase in business everywhere. Even if you dont actively follow the real estate statistics, you cant help but notice the busy roads, congested traffic and long lines in grocery stores and restaurants. SW Florida Is Busy! More on Page 3
Page 1
We do bank clean-outs, cash for keys, Short Sales, Broker Price Opinions, Property Maintenance, Property Management, etc. We manage and maintain a whole bunch of single family homes and have maintenance crews and licensed jobbers on call for just about anything. If Real Estate is involved and a service needs to be done, we can do it. We are approved with over 227 banks and asset management companies. (They have our number on Speed-Dial.) There are 77 MILLION Baby Boomers approaching retirement age. They are FLEEING high tax states - They are Retiring, and statistically, 22% of them move to Florida. Now, I know you what youre thinking ..... Yea - thats all well and good, but I dont want a thing to do with tenants, maintenance, and all that stuff. Have no fear - I have a solution! HG Real Estate Services is a One-Stop-Shop and will do it for you. The only thing youll need to do is go out to the mail box and pick up the check .... (Our Clients call it Mail-Box Money) and, if thats too much for you, well transfer the funds right into your bank account while you travel or play golf!
Call 941-584-7400 for More Information
present. We felt the hurt from job losses in 2008 and although the turnaround isnt as steep, we dont want to digest the good news in employment.
It is clear that each month since August 2010 has experienced positive-growth in employment on a year-over-year basis. In May 2012, Florida employment was 8,506,000, about 200,000 more than in May 2011. As the jobs number have improved, so has Floridas unemployment. EVERYONE should recognize the positive news in the job market. We know as Florida makes employment gains, the states real estate market will improve.
Looking for someone to speak to your Club or Rotary group about the Real Estate Market? Paul is an entertaining and informative presenter, and an EXPERT in the local Real Estate Market. Contact Paul at Paul@PBForsberg.com 2012 by Paul Forsberg CCIM Candidate All rights reserved ! ! ! ! ! ! ! Page 2
The
Real
Estate
Business
In
SW
Florida
Has
Been
Smokin
Hot
And
My
OfLice
Has
Been
As
Busy
As
A
One-Armed
Paper
Hanger!
REGARDLESS of what the media message is, or what kind of Kool-Aid they are trying to make you drink, The Florida Real Estate Market is HOT. Unless some sort of financial catastrophe occurs,(usually
created
by
clueless
Washington
Bureaucrats), what happens in Arizona, California, or Maine, has little or no effect on the market in Florida. Prices
are
coming
up.
Offers
are
increasing
and
the
volume
increase
has
been
HUGE.
Money
in
Motion
has
increased
over
84
%
compared
to
last
year! Cash
buyers
from
all
over
the
world
are
here
buying
just
about
everything
in
site.
Many
have
had
their
eyes
on
foreclosures,
bank
owned
properties
and
handy-man
properties.
because Nobody is buying on projected numbers in this phase of the market cycle - period. Banks wont lend on projections, and there are plenty of properties available on the market. Its all about the numbers. I believe anyone marketing a property based on Pro-forma is pretty-much wasting everyones time.
If you are interested in selling a property, the >irst thing you need to do is get the numbers right. I have a FREE Special Report titled: Make Sure You Are Going to Get Top Dollar When You Sell In it are 2 Strategies and 6 Tips you need to know and do before putting a commercial property up for sale. If you would like a copy of the report, simply call 1-800 261-0454 ID # 7022 Dont worry - the report is free and you are under no obligation to buy anything.
on an almost daily basis. When it comes to a bank REO sale, it is out of control - smart buyers are sticking with non-bank owned homes that need little or no work. They are getting better deals. In North Port, back in 2011, you could buy a single family home built after 2000 for $50 - $70K. The same homes are now selling for $125 - $130k. Its all good because the increase in volume in the housing sales has begun to bring builders back into the market. And we all know that is the real driver of the Florida economy. Home sales have been so brisk, my associate Connie Nowell is offering her sellers an almost unheard of Home Selling Guarantee - She GUARANTEES to sell their home in 121 days, or Shell Sell It For FREE!
Personally I am dealing with three individual investors. 1 German, 1 Canadian, and 1 New Yorker with deep pockets, loads of cash, and have have A+ credit. They are buying everything they Over the past 3 months, we have closed can get their hands on. on over $4,000,000 of commercial property and have over $6,000,000 in They Are Paying Top Dollar as long as offers out. the properties are priced properly. Combined, they have about $18,000,000 Properties need to be occupied with (eighteen million good leases. dollars) Leverage up Offering prices are based on actual at 75% LTV, were >inancials - NOT Pro-forma numbers. looking at Seventy (They wont even look at a pro-forma). Two Million Dollars. If you are even One of the biggest challenges I am thinking of selling a having is sifting through all of the commercial property, deceptively marketed properties with give me a call for a no pro-forma numbers made to look as obligation actuals. A complete waste of time as far conversation about as I am concerned. the property. Maybe In my opinion, those brokering we can put something properties with pro-forma numbers are together. doing a disservice to their sellers and ought to have their head examined On the single family homes front, my of>ice is seeing multiple offer situations 2012 by Paul Forsberg CCIM Candidate All rights reserved ! ! ! !
The same investors were buying single family homes a year ago, and now that the single family home market has switched to a sellers market, they have switched strategies and only want commercial income properties.
www.Soldin121Days.com
Lot sales, in general, have been brisk. six (6) months ago, you could buy lots all over the place for $1,500 to $2,500 each. Now, they are in the $3,500 to $5,000 price range. The bottom of the market has moved up 60% to 100% over the past 6 months. It has been a great time to buy at the
Multi Family properties in the area seem to have turned the corner in 2012. The graph on the left above indicates the County is up 4.2%. FINALLY it looks as though the trend is beginning to make a coming back.
Industrial properties seem to be making a little bit of a comeback as far as leasing goes (chart on left), but sale price trends are still falling. I predict, as residential sales and construction continues on the upswing, sale prices of Industrial properties will also begin to increase.
Retail Sale trends have been bouncing around what looks like the bottom for quite some time. As you can see in the chart to the right, leases in the city fell o the cli in 2011 it but looks like they are making a rapid comeback. As Lease rates increase, so will property values. If youre thinking of buying retail space, now may be a good time.
Oce Properties are still struggling a bit. It looks as though they are trying to establish a bottom. We recently closed on a fully-rented Medical Oce building in great condition and within walking distance to a Hospital at a 10Cap. The seller was happy to sell, and the buyer was happy with the purchase. A True Win-Win transaction!
Real Estate News You Can Use (941) 584-7400 www.FL-CommercialRealEstate.com February 2013
How To: Sell Your Commercial Property for Top Dollar, Eliminate Capital Gains Tax and Create an Annuity All At The Same Time! 800-261-0454 ID# 7036
This SECRET Sales Method Attracts Eager ~ Motivated Buyers Like a Super Strong Steel-Magnet!
You dont want to miss it!
Find Out What Commercial Properties Down The Street Sold For.
You can receive a FREE Computerized printout of recent commercial property sales and current listings in your area or any other area of your interest. Mailed To You at NO COST or OBLIGATION You dont have to talk to anyone. Just call the 24 hour Hotline and leave a message about what type of property and area you would like to have information on. This information will give you a good idea of what your property might sell for if you were to put it up for sale in todays market. To receive your unique FREE Area Sales Report Call Our 24 HOUR HOTLINE 1-800-261-0454 EXT #7034
2012 by Paul Forsberg CCIM Candidate All rights reserved ! ! ! ! ! ! ! Page 5
Real Estate Investors Corner Everyone knows investing in real estate is a no-brainer
way to nancial independence and real - long term wealth. The problem is, land-lording can be a real hassle. ESPECIALLY for long distance landlords. The key to protable real estate investing is having a reliable and dependable support team.
HG
Real
Estate
Services
is
a
HYBRID
property
management
company
-
we
do
ALL
the
work
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you.
Locating
tenants,
clean-outs,
maintenance,
lease-ups
and
more! Let
HG
Real
Estate
Services
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the
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Now
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\low
and
appreciation.
Offset
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retirement
income
with
rental
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enjoy
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LANDLORDS Done-For-You Property Management Automated - Online and Painless! Let us handle all your land-lording needs. Peace of Mind Is Perhaps The Greatest BeneXit We Offer Our Property Owners. We Are Committed To Protecting Your Investment by locating quali>ied high quality tenants and the best possible service & preventive maintenance programs assuring you the Highest Equity Return on Your Investment. We Are So Sure Of Your Satisfaction, We Back It Up With A Full 6 Month Guarantee. If we dont do as we say - and youre not happy, we will tear up our agreement right there on the spot.
~~
Vacant
Land
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Theyre
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it
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2012 by Paul Forsberg CCIM Candidate
I have known Paul for over seven years. He is a very energetic, detailed orientated and very hardworking. He is a man of his word. He has been and always will be very successful. I HIGHLY recommend him. Kristine McMahon, Sr. Loan Consultant, The Manhattan Mortgage Company Hi highly recommend Paul to anyone interested in making money. Paul has proven time and time again to be a highly successful and ethical businessman in the field of real estate and marketing!Michael Thompson, Co-Founder, S.W. Florida Real Estate Investors Assoc.
Page 6