Traci Jenks.com

All About Commercial Real Estate

Month: August 2017 (page 2 of 4)

#FeatureFriday! Looking for an Investment Property?

Cushman & Wakefield of Florida, Inc. is pleased to offer for sale 8298 BAYBERRY ROAD, a 9,184 SF building in the Baymeadows Submarket. The R-A-M Professional Group, Inc. owns and occupies most of the property and is willing to leaseback their space or will move out for owner/investor.

The convenient location offers a variety of restaurants, shopping, and lodging, with easy access to I-95, I-295, J. Turner Butler and Southside Boulevards. The building is well maintained with a professional office layout and ample parking.

•Built in 1999 on a reinforced concrete slab
•Beautiful brick exterior
•Composite shingle over wood truss roof
•10-foot-high ceilings
•Hardwood floors recently installed
•LED lighting throughout
•Zoned HVAC systems
•Property is divided into three suites
•3,154 SF is currently leased. The R-A-M Professional Group, Inc. occupies remainder of the building including 2nd floor.

Click here for the property flyer

Call me for your tour today!

Real Estate Forgot To Take A Summer Vacation

In commercial real estate, August is traditionally the slow season when business drags on as people come and go from the office to the beach, mountains or some foreign country for a family vacation. But this summer is marching to the beat of its own drum. With the first two weeks of August complete, nothing has slowed down, and the market is as active as ever.

Bisnow asked more than a dozen brokers across the country, from Boston to Los Angeles, and the responses were near-unanimous: August has been busy, and not just busier than previous years, but busier than the winter and spring.

In New York City, the office market had a sluggish start to 2017, with leasing volume, absorption and sales volume all down from the year before.

This was not the case in the last three weeks, during which time five leases were signed for more than 500K SF and several expansion deals have been completed.

Last Tuesday, Travel Leaders Group, a merged entity of Tzell Travel Group and Protravel International, took down 106K SF at 1633 Broadway. Colliers International Vice Chairman Bob Tunis said the framework of the deal was approved in May, but the fact that it closed in August was a sign the market’s timing has changed.

“There were vacations and absences and so on necessitated by the summer, and perhaps 15 years ago that would have precluded this being done before Labor Day,” he said from his vacation close to New Paltz in Upstate New York. “I think it’s this weird thing called technology … The ubiquity of our devices makes this stuff easier to handle.”

Read the entire article on BISNOW

BISNOW

Feature Friday! Riverfront space in the trendiest area! 

245 Riverside Avenue

  •  ±10,097 SF Sublease
  • Class “A” Space in Brooklyn
  • On-site fitness center
  • Spacious, open lobby
  • 3/1,000 SF parking with reserved spaces
  • Common conference center facility
  • Furniture included
  • Sublease through 3/31/2020

Click here for the flyer

Want to see this beautiful, riverfront office space? Call me to set up a tour!

 

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