Tampa Commercial Real Estate Law Firm
Real estate attorneys from the law office of Fuentes & Kreischer, PA in Tampa handle commercial real estate matters including transactions, contracts, zoning and dispute litigation.
The State of the Commercial Market in Tampa
Tampa Commercial Rentals
According to the Tampa Downtown Partnership (www.tampasdowntown.com), there is nearly 6.5 million feet of office space in Tampa. Unfortunately, much of that space sits vacant due to the slowest commercial real estate market that has hit Tampa in 20 years.
Tampa Commercial Sales
The Tampa Bay Business Journal (www.tampabay.bizjournals.com) reports that in the period June 2008-June 2009, commercial property sales fell 59% from the previous year. Prices for mall space and strip center space per square foot are almost half of what they were last year, and prices are continuing to drop.
Properties sit vacant due to the crisis in our economy. Investors and buyers, hoping to get a "deal," are offering ridiculously low prices. Leases are getting re-negotiated. People are losing their jobs and cutting staff. Until there is a turnaround in the commercial real estate market in Tampa, the services of a real estate attorney have become more complex.
Commercial Real Estate Lawyers
The Fuentes & Kreischer law firm, located less than ten miles from downtown Tampa, understands the needs and concerns of landlords to keep tenants in the building and get them to pay rent. Our commercial real estate practice will draft and negotiate a lease, or sublease, and come up with incentives you can offer to your tenants that are having trouble paying the rent.
Since our business is based in Tampa and we are familiar with the value of commercial property, we can effectively represent you in a purchase or sale of an office building, apartment complex, strip mall, retail outlet, and vacant land. We will discuss tax requirements and ramifications and, if appropriate, will enlist financial experts to answer questions you may have about an opportunity or tax concern. We can also assist with obtaining financing of a commercial property, or represent you in a foreclosure of a property you own.
Commercial real estate requires a working knowledge of the Tampa Bay area and experience dealing with investors, landlords, and corporations. If you are looking for a commercial real estate law firm in Tampa, email or call Fuentes & Kreischer at 813-579-3039.
