Last week, I had the opportunity to participate in a fly-in to Washington, D.C., where I met with our federal representatives, including Senators Scott and Rubio and Congressmen Steube and Buchanan, to advocate for issues impacting our business community. This was organized as part of the Lakewood Ranch Business Alliance Governmental Action Committee. During our … Continue reading Advocating for Business: Washington D.C.
Recovery from Hurricane Debby
I hope you fared well during the storm. If you experienced a loss, I would like to provide any help I can. I want to make sure those who experienced a loss have information about next steps. Here are some resources I found: Residents needing help after Hurricane Debby can call 1-800-342-3557. There are English … Continue reading Recovery from Hurricane Debby
SRQ Market Pulse – Do You Really Need Flood Insurance?
Patrick DelMedico of Shepherd Insurance is back to discuss why flood insurance is an important option to consider when looking for insurance. Click here to watch the video.
Should You Ever Consider Self Insurance?
With the high rates of insurance, many property owners have been considering self insurance. Could this be an option for you? Patrick DelMedico from Shepherd Insurance discusses the positives and negatives of self insurance. Click here to watch the video.
SRQ Market Pulse – Critical Insurance Coverage
Patrick DelMedico from Shepherd Insurance is back to answer what types of coverage are most critical, and why is business interruption insurance important? Click here to watch the video.
How Can Property Owners Increase Their Property Value Despite Challenges – with Special Guest Patrick Delmedico from Shepherd Insurance
We are continuing our conversation with Patrick DelMedico of Sheperd Insurance, discussing how insurance companies determine their rates, and some things you can do to lower those rates. Click here to watch the video.
How Do Insurance Companies Determine Their Rates?
We are continuing our conversation with Patrick DelMedico of Shepherd Insurance, discussing how insurance companies determine their rates, and some things you can do to lower those rates. Click here to watch the video
SRQ Market Pulse with Susan Goldstein, Senior Commercial Real Estate Advisor
Join us in the first part of the series with Patrick DelMedico of Sheperd insurance. We’ll discuss how property owners can navigate the ins and outs of property insurance to minimize their costs and maximize their property values. Click here to watch the video.
Urgent Action Needed: 2.5% Savings on Lease Costs is Available Starting on June 1, 2024
In case you missed it, starting June 1, 2024, the sales tax imposed on commercial property will decrease from 5.5% to 3%. Landlord’s, make sure your invoices are updated. Tenants, the invoice you received is not an error but a decrease of 2.5% based on Florida’s change in Legislation. Enjoy this good news!
Capitalization Rate
With a shifting velocity and cap rate, Sarasota’s Commercial Real Estate market is in motion. The average market cap rate is currently 8.7% vs. 7.3% at the end of the 3rd quarter. What is a Cap Rate? Capitalization rate, sometimes known as cap rate, is a metric for assessing a property’s investment potential. It’s the … Continue reading Capitalization Rate