Monthly Archives: February 2024

Business Rent Tax Elimination is Good for Florida

A study about Business Rent Tax Elimination conducted by the Regional Economic Consulting Group indicates that abolishing Florida's Business Rent Tax (BRT), commonly known as the sales tax on commercial leases, could lead to significant economic benefits for the state. Commissioned by Florida Realtors®, the study suggests that an investment of $976.8 million to eliminate…
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Distressed Commercial Real Estate is Attractive to Buyers with Abundant Cash Resources

Regional banks and lenders fret over commercial real estate volatility, while investors eye distressed properties. Preqin data show $544 billion in cash reserves held by global real estate funds managed by private equity firms, up from $457 billion in 2022. Rising debt-service costs pressure office, hotel, and apartment owners, with distress in commercial properties reaching…
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