Tampa Area Commercial Real Estate Defies National Decline
Posted by admin on July 14, 2010 under Uncategorized | 
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Some interesting data about the Tampa area market, but the balance of the article illustrates what we are experiencing state-wide.
By Doug Sword
Owners of commercial real estate in several areas of Florida are taking in more money, bucking a national decline many economists say could hamper the economic recovery.
Despite a nationwide decline in rents and an increase in empty office and retail space, landlords in Sarasota, Miami and Pensacola reported collecting more rents on commercial property during the first four months of the year than they had during the same period in 2009, data from the Florida Department of Revenue shows.
Delinquency rates on commercial loans remain up across the country, and hundreds of millions of dollars in defaulted loans on properties in Sarasota, Manatee and Charlotte counties have been dragged into court.
Still, in March, Sarasota County landlords took in $55 million, their best single month since May 2005 and 14 percent more than March 2009 revenues. Read more of this article »
