News
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A Redfin study showed that 58% of homeowners across the USA took measures to safeguard their properties from threats related to the climate change. A third of landlords invested $5,000 or more to protect against the climate-related risks. About a fourth spent under $4,999, while 42% decided not to do anything. 36% of homeowners insured their...
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CIP Real Estate, a company involved in real estate investment with a focus on acquisition, repositioning, rebranding, and management of industrial assets, has entered the Florida market. The investor paid $74.34 million for two business parks in the highly sought-after eastern part of Tampa. Their combined area is almost 38,000 square meters of...
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The neighborhood of Parrish has been developed for over 30 years but this process has now accelerated considerably. According to a weekly project report by the Development Services of the Manatee County Government, over 5,000 new homes will be built in seven residential projects within this community, which are currently at various stages of...
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The NCH Healthcare System is joining forces with the Hospital for Special Surgery (New York) to open an orthopedic and surgical center near Naples in Southwest Florida. The three-story building with a floor area of around 7,430 square meters and worth up to $70 million will accommodate both inpatient and outpatient facilities. Jonathan Kling,...
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The residential property market has seen record-breaking performance for quite a long time but some US cities are now showing signs of cooling. Redfin, a real estate brokerage agency, reports that a significant number of buyers are refusing to close on already approved deals in some markets. This may lower the competition for listed homes and...
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In the 3rd quarter of 2022, investors are actively buying outdoor retail spaces and shopping malls in southern parts of Florida. The demand from tenants remains consistently high and investors seeking inflation-resistant assets have grown interested in shopping malls, according to a report by Colliers. Retail venues with a grocery store as the...
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In the wake of Hurricane Ian, the southwestern part of Florida, especially Lee County, is facing unprecedented traffic jams and a shortage of hotel rooms caused by the arrival of a huge number of construction workers, employees of the Federal Emergency Management Agency, etc. All newcomers need a roof over their heads, so hotel occupancy rates...
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The rating of best places to retire in the USA compiled by U.S. News & World Report includes four cities in Florida (Pensacola, Tampa, Naples, and Daytona Beach), five in Pennsylvania (Lancaster, Harrisburg, York, Reading, and Allentown), and one in Michigan (Ann Arbor). Pensacola notably rose by seven points, up to the third place, and Tampa,...
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Experts and real estate agencies calculating the damage from Hurricane Ian agree that investors and buyers definitely haven’t lost interest in the Southwest Florida real estate market. On the contrary, many of them are now buying off properties in “as-is” condition. A broker from Englewood forecasts that the prices of residential properties will...
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The excessive cost of rental apartments and houses is gradually reducing across the USA but the situation in Florida is different. Local rents are still the most overvalued in the country due to a high demand and a severe shortage of available housing, according to the results of the study conducted by the Florida Atlantic University and two more...
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