‘Want to sell your house?’ Complaints increase about unsolicited real estate texts in Florida
Here’s how desperate some real estate agents and investors are to find new homes to sell in Florida’s red-hot marketplace: They are sending out unsolicited text messages to find potential sellers. Consumers who don’t want to be contacted by real estate companies have little recourse beyond responding with the word “Stop” and hoping the sender complies. While putting your name and phone number on the state and national Do Not Call lists makes it illegal for companies to use automated systems to pitch a good or service, texts soliciting sellers are not considered violations, authorities say. [Source: South Florida Sun-Sentinel]
South Florida retail rents surpass pre-pandemic pricing in Q3
In Miami-Dade, Broward and Palm Beach counties, retail landlords are raising rents to levels that surpass pre-pandemic pricing, according to a recently released third quarter report. Vacancy rates fell across the tri-county region during the most recent quarter, and absorption increased as asking rents rose, the Colliers report shows. [Source: The Real Deal ]
Artificial intelligence is changing the condo industry
Traditionally, the consensus about condos is that they’re where retired folks head off to when they retire. As a result, the usual retirement regions in the United States (Florida, Arizona, California) have a bustling condo industry, especially in Florida. However, there’s been an industry shift in recent years as more and more younger people are becoming condo owners. Perhaps owing to this influx of younger demographics, the condo industry has started to embrace newer technologies that have been in place for the last few years. [Source: Tech Bullion]
Florida at forefront of office space recovery
Signs of commercial real estate office space recovery are appearing in various parts of the United States, according to data from CBRE and the National Association of Realtors, (NAR), GlobeSt reports. The life sciences sector helped push Boston to the U.S.’s leading city in terms of pandemic-era office market performance as well as recovery for office space demand, per CBRE’s monthly “Pulse of U.S. Office Demand” report for August. [Source: Connected Real Estate Magazine]
Tiny-home community takes a giant leap forward
Escape Tampa Bay Village, a tiny-home community northeast of Tampa, near Thonotosassa, has expanded to an adjacent lot and added a new model to its lineup. The expansion, according to a news release, will be known as The Oaks and will feature the Escape N1, a mid-century-style tiny home inspired by the work of modernist architect Richard Neutra. With just under 500 square feet of living space, the dwelling boasts voice-activated lights and temperature control, a clean metal exterior, full-size washer/dryer combo, front porch with Ring doorbell, a 30-foot wall of glass, large sectional couch and modern open floor plan. [Source: Business Observer]
Two luxury condos are up for sale in one of Florida’s most exclusive oceanfront properties for a combined price of $31 million – and the developers are accepting payment in bitcoin. [Source: CNBC]
› Trevato plans mixed-use project at former Dolphin Depot in Jacksonville Beach
Trevato Development Group announced Oct. 8 it plans to transform the former Dolphin Depot site in Jacksonville Beach into a mixed-use development with 180 parking spaces. Trevato said Oct. 8 it purchased the property for $8.5 million.
› Waterford Lakes, other east Orlando neighborhoods top Zillow’s most-searched list
Defying Horace Greeley’s famous advice to “Go west, young man,” prospective homebuyers eyeing Orlando are looking east. According to the real estate website Zillow, the most viewed ZIP code in metro Orlando is 32828, which includes the Avalon Park and Waterford Lakes neighborhoods. Others in the top five include 32829 (Lee Vista East), 32825 (Lake Underhill from Alafaya Boulevard to Chickasaw Trail), 34743 (east Kissimmee) and 32817 (UCF area).
› $400,000 a month? Miami’s priciest short-term rentals are being snapped up
Luxury — and price — know no bounds when it comes to the Miami area. Realtors told the Miami Herald that the number of sky-high-priced monthly rental listings has doubled in the first half of the year when compared to the same period last year. Today, some Realtors have up to to 20 six-figure rental listings.
› TradeWinds owner purchases historic Floridan Palace Hotel in Tampa
The historic Floridan Palace Hotel in downtown Tampa has sold, announced the new owner, 1754 Properties on Friday. The South Florida investment firm and owner of the TradeWinds Resort on St. Pete Beach bought the Floridan, located at 905 N. Florida Ave., in partnership with the New York-based Triangle Capital Group, according to property records.
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