Existing-home sales rose in October, a slight recovery from the declines seen in September, according to the National Association of Realtors (NAR). The four major U.S. regions were split, with the Midwest and the South seeing growth, and the Northeast and the West both dropping in sales. Lawrence Yun, NAR’s chief economist, said this sales… Read more »
Major statistics such as unemployment and non-farm jobs are continuing to show improvement in key markets throughout the Southeast, a sign that these positive trends should continue in the fourth quarter. Unemployment is showing signs of improvement or stabilization on a monthly basis. Florida’s unemployment rate held steady at 3.5% in August, the same rate… Read more »
Throughout the Southeast, unemployment rates continue to drop amid a robust economy and strong job creation. U.S. employers report strong hiring intentions for the third consecutive quarter as the national labor market edges closer to full capacity. The number of employees on non-farm payrolls in several cities throughout the Southeast continues to rise. Orlando has… Read more »
Office and industrial markets in three key markets in the Southeast – Atlanta, Miami and Orlando – continued to show steady and strong performance in 2018, with vacancy rates improving in most segments and markets. In Atlanta and Orlando, office vacancy rates fell or remained steady in the final quarter of 2018. The same was… Read more »
The U.S. economy added 201,000 jobs in August, the Labor Department reports, continuing its nearly eight-year streak of monthly gains. The unemployment rate remained unchanged at a very low 3.9 percent. The Bureau of Labor Statistics’ data on unemployment and non-farm jobs indicate continued improvement in key markets throughout the Southeast – a sign that… Read more »
Lincoln Property Company Southeast completed a new long-term lease for 4,430 square feet at the SunTech Commerce Park, 55 Skyline Drive, Lake Mary. Sean DuPree CCIM, on behalf owner RCS-SunTech, LLC of Louisville, CO, said long-term Tenant Lodging Access Systems LLC d/b/a RFID Hotel leased the adjacent suite to its existing 6,606 square foot suite… Read more »
Lincoln Property Company Southeast recently completed a new multi-year lease for 3,594 square feet at 5734 South Semoran Boulevard in the Airport Business Center in east Orlando. Sean DuPree, CCIM negotiated the transaction on behalf of the Landlord RCS-Orlando Airport 371, LLC. Brian C. Hogan, P.A., a civil law practice, leased the professional office space. … Read more »
Lincoln Property Company Southeast recently closed the $263,000 sale of an industrial condo at 201 Reese Way in the Anchor Road Commerce Center in Casselberry. Sean DuPree, CCIM, negotiated the sale on behalf of the seller KC Family Trust of Longwood. Buyer Advanced Cabling Solutions, Inc. purchased unit 1401 with 2,750 square feet and doubled… Read more »
Lincoln Property Company Southeast recently announced that Damien Madsen has joined the company as Senior Vice President. Madsen is one of Central Florida’s most seasoned professionals with 30 years of development and commercial real estate brokerage experience. At Lincoln Property Company he will be responsible for overseeing office leasing operations and building the office leasing… Read more »
Lincoln Property Company Southeast recently negotiated a long-term lease at Heritage Business Centre, 705 West SR 434 in Longwood. Sean DuPree, CCIM, Director at Lincoln Property, negotiated the lease for 2,265 square feet of professional office space on behalf of the new tenant, Pro-Staff Termite & Pest Control, LLC. The Louisville, CO–based Landlord RCS-Longwood 371,… Read more »