A Statement On Ukraine from Kevin Maggiacomo, SVN President and CEO

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Central Florida Commercial Real Estate is Jumping

The Central Florida commercial real estate industry is recovering nicely from the recession reports The Orlando Business Journal in its June 28 edition. Some sectors are doing better than others, with industrial and retail leading the way. The office sector continues to struggle with high vacancy rates, however.

Miguel de Arcos, Managing Director, Sperry Van Ness Florida Commercial Real Estate Advisors
Miguel de Arcos, Managing Director, Sperry Van Ness Florida Commercial Real Estate Advisors

The article reports there are five game-changers for the Central Florida commercial real estate market:

  1. Office market has changed for the good, since companies are doing more with less.
  2. Financing is available from different sources to fund to new projects.
  3. Industrial real estate will see an improvement.
  4. Orlando is attractive to national firms.
  5. The SunRail will help boost the region’s attractiveness.

The market’s recovery can be evidenced in the spectacular increase in total dollar volume experienced by Sperry Van Ness Florida Commercial Real Estate Advisors. With $73.2 million in total dollar volume in 2012, Sperry Van Ness Florida jumped from the number 16 position to number 8 position on the Orlando Business Journal’s  List of Top Commercial Real Estate Brokerage Firms.

In discussing the current commercial real estate environment with the Orlando Business Journal, Miguel de Arcos, managing director of SVN Florida, says he likes the long term prospects in the Central Florida area due to the booming entertainment, biomedical and high-tech markets in the region.  Miguel says “We have land and reasonable costs for real estate….Once folks realize we’re not a just a Mickey Mouse economy down here, it’s going to help.”

 

*All Sperry Van Ness Offices are independently owned and operated.

 

Five for Friday with Miguel de Arcos from SVN Florida

Today’s Five for Friday turns the spotlight on Miguel de Arcos, managing director  at SVN Florida  in Orlando, Florida.

Miguel de Arcos
Miguel de Arcos, Managing Director, SVN Florida

 1. What is your geographic market and product specialty?

My primary geographic market is the Five County Central Florida market, and I’ve done deals in every corner of the state thanks to the availability and collaboration with other SVN Advisors.

2. What’s your latest best practice tip that you can share?

Being a connector and building relationships is my key to repeat and new business. When you’re the go-to for market information your phone rings with the best type of new prospects, referrals.

3. What’s been the biggest change over on how you run your business in the past decade?

Running a low overhead business model and focusing on distressed assets.

4. What business book do you like to recommend to your colleagues?

The Power of Habit: Why We Do What We Do in Life and  Business by Charles Duhigg.

5. What’s a fun fact that not everyone knows about you?

I am an Ironman triathlete.

 

*All Sperry Van Ness® offices are independently owned and operated.