James Hawkins, Author at Hawkins Commercial Realty • Page 8 of 46

Commercial Property Borrowing Cost Quarterly 2020 Q2

Jul 23, 2020 - Economy, Financing - 0 Comments - Standard

Yields on 5-year U.S. Treasury Notes remain at lows quickly reached as we entered the era of the COVID-19 pandemic. As can be seen in the chart embedded herein, these rates, most closely tracked for commercial real estate financing cost, plummeted from what were already considered low levels to under 50 basis points (0.5%), barely […]

Can a Rational Case be Made for Irrational Exuberance?

Jul 10, 2020 - Analysis, Economy - 0 Comments - Standard

In my commercial real estate brokerage business, I’ve noticed a trend of some buyers expecting lower prices on properties, sometimes even clearly taking offense at a seller not budging on price. There seems to be, with them a sense that they know better to such a degree that they are disgusted by the gall and […]

Chart: Miami Commercial Real Estate Sales to List Price Ratio Strong in June ~ MLS

Jul 03, 2020 - Trends - 0 Comments - Standard

The sales to list price ratio strengthened in June to nearly 96.5%, not a bad number even pre-pandemic, but a great one within it. A statistically minded person might note that list prices might have come down, thus making this ratio less insightful, less positive. If so, then the closing price to original price should […]

Chart: Miami-Dade MLS Commercial Property Sales Rebound to Normal Level

Jul 03, 2020 - Trends - 0 Comments - Standard

In the above chart one can see that the number of commercial property sales in Miami-Dade county, aka the Miami, Florida metro area, for both improved and vacant land that were recorded in the Miami Realtors MLS, rebounded in the month of June to the lower end of a band that sales fluctuated within pre-pandemic. […]

SOLD: 27,536 sf / 0.63 acre T5-O Little River OZ Dev Site at 70 NE 80 Terrace, Miami, FL 33138

Jul 01, 2020 - Property Profiles - 0 Comments - Standard

NOTE: The sale of this property closed in September, 2022. Contact the broker for information on the sale of the prospect of buying or selling similar properties. Related Resources Opportunity Zone Info This Miami Census Tract 14.02 Low Income OZ Opportunity Zone Basics IRS Opportunity Zone FAQs Miami-Dade County Property Appraiser Information Miami 21 Miami […]

SOLD: 266 Palermo Avenue, Coral Gables, FL 33134 ~ Offering Memorandum, Property Features, HD Pics, Related Resources, More

Jun 30, 2020 - Property Profiles - 0 Comments - Standard

NOTE: This property is under contract with a non-refundable deposit in place. Contact me to discuss other similar properties to purchase. Information & Related Resources Offering Memorandum Executive Summary Property Details Floor Plans Location Information Area Parking Financial Analysis Comps Demographics MLS Commercial Listing Loopnet Listing Architectural Drawings Coral Gables Zoning Districts (this property is […]

Charts: Atlanta Fed Graphically Represents What You Already Know; Business is Down, Uncertainty is Up

Jun 27, 2020 - Uncategorized - 0 Comments - Standard

Certainly these could be characterized as the “duh charts” in this environment. Business is obviously down, and uncertainty is up. That is not news. It is nonetheless interesting to see this all graphically represented. It also serves to remind one that that uncertainty means only what it means, not certain. Put differently, it simply means […]

Chart: April 1 Miami-Dade Unemployment Level Displays COVID-19 Effect

May 27, 2020 - Economy - 0 Comments - Standard

The effects of coronavirus are clearly evident in the April unemployment rate spike in Miami-Dade as of April 1, 2020. At 11.95, the level of unemployment has yet to reach the 12.4% level reached in August 2009. Given the effects of coronavirus on commerce, however, the May 1 numbers, once released, will surely exceed that […]

Charts: Commercial Property Inquiries Rebounding from COVID-19 Decline

May 27, 2020 - Trends - 0 Comments - Standard

Almost to the minute I posted about how commercial property inquiries had gone over a cliff, noting it as worthy of duh-chuckle categorization, inquiries began to rebound. This one could go in the category of “Whuuut?” As I mentioned in that prior post, if you know me, you know I’m a data hound. I collect […]

Commercial Borrowing Cost: Rate Watch for April 30, 2020

May 01, 2020 - Economy, Financing - 0 Comments - Standard

At the end of April of 2019, intermediate yields remain at lows reached in recent weeks. This has, of course, been driven by reduced economic activity due to the COVID-19 pandemic. As can be seen in the accompanying chart, five year rates, which are most closely tracked for commercial property borrowing cost, found themselves under […]