by admin | Dec 24, 2015 | Market Data
Apartment rents are skyrocketing in Central Florida, so you may be better off buying a house next year, RealtyTrac Inc. reports.
Source: www.bizjournals.com
Is it cheaper to buy than rent in Orlando? Homeowners in the Orlando area spent an average of 35.4 percent of their wages on housing, while renters coughed up an average of 43.4 percent, according to RealtyTrac.
That said, one of the biggest considerations in actually buying the home is the down payment requirement. The main reason people are unable to purchase when they want to is they simply do not have enough money to satisfy the down payment requirements of the lender. That alone should be enough of a red flag that the buyer simply may not be able to afford owning a home and all the unexpected costs that go along with it.
by admin | Dec 24, 2015 | Market Data
FloridaTrend.com delivers Florida business news along with reports on Florida politics, Florida public policy and government. Florida executives and professionals rely on FloridaTrend.com for in-depth analysis and perspectives on the issues, people and ideas that define Florida.
Source: www.floridatrend.com
Between the Port of Tampa, the Channel District and Jeff Vinik’s $2 billion mixed-use project backed by Bill Gates, this corner of downtown Tampa is seeing some of the most intense development efforts in the entire state of Florida.
Vertica Partners’ T. Sean Lance exclusively represented Vinik’s group on the acquisition of the land assemblage in addition to transacting 5 other 100+ unit multifamily projects in the Channel District.
by admin | Dec 24, 2015 | Market Data
Innovation districts are on the rise globally. Brookings Institution plans on shedding light on why.
Source: www.cpexecutive.com
“Innovation districts” are a newer urban model located in geographic areas are where leading-edge institutions and companies cluster and connect with start-ups, business incubators and accelerators. These areas are also physically compact, transit-accessible, and technically wired and they offer mixed-use housing, office and retail for all inhabitants.
These districts can include such areas in downtown Tampa such as Jeff Vinik’s $2 billion development or in smaller MSA’s such as the Rosemary District in downtown Sarasota.
by admin | Dec 24, 2015 | Market Data
The rate of cash sales is well above the national average.
Source: www.businessobserverfl.com
Cash sales in the Sarasota area still remain strong ranking number 5 in the nation. In fact, 4 of the top 5 regions for cash sales in the United States are in Florida.
by admin | Dec 24, 2015 | Market Data
Floridays lands Hilton for Sarasota hotel, Brookside owners list marina
Source: www.businessobserverfl.com
Floridays Development Company’s flag for its planned Hotel Sarasota project at 1255 N. Palm Avenue in downtown will be Curio by Hilton. Floridays is finalizing its land purchase from the city of Sarasota for the hotel adjacent to the municipality’s 750-space parking garage. Construction on the 163-room boutique hotel will begin in early January.
