My Summer Staycation, A Flurry of Deals and Market Outlook
In the early days of the lockdown, I got pretty good at creating videos and podcasts while gearing up to do my own virtual tours. Then, my activity level began to take off. So how did I spend the lockdown and my summer staycation?
In April, I took on an assignment to lease Prisma at Cypress Creek, a boutique office in Fort Lauderdale. The owners completed a major renovation and I personally developed the website and virtual tours for the property. This team effort has resulted in our successfully leasing nearly 10,000 sq. ft. We are now 95 percent leased, but with upcoming rollovers, I can still accommodate tenants up to 5,319 Square Feet.
Also this month: – My top 10 articles in 10 years of blogging.
Prisma At Cypress Creek: Tour our upgraded lobby plus Suite 103/5 5,319 SF.
Virtual Tour – Prisma Suite 110 – Leased to QOL Investments
I’ve also been busy with a number of office and industrial tenant representation assignments, which included the sale of an office condo, which has been a favorite blog topic of mine.
The Exchange 3363 W. Commercial Boulevard, Fort Lauderdale, FL – Represented Sharma & Associates Accounting as occupier and investor in purchase of 6,000 SF Office Condo.
Overall, the market has seen a temporary downturn tied to the pandemic, but office and industrial vacancy rates are up only up one percentage point in Broward County since the onset of the lockdown at the end of Q1 2020. Demand remains strong, particularly among owner/users as “work from home” seems to be accelerating the exodus from the northeast to sunny South Florida. I therefore remain highly optimistic about our market as we move into 2021.
Plantation Medical Plaza – 2 for 1 – Relocated and downsized existing tenant to accommodate new lease for medical practice.
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