5203 Cortez Road - Finally 100% Leased!

Another one in the books! Leased the very last unit in Scott Paint plaza at 5203 Cortez Rd yesterday. 1,150 SF goes to Budget Signs for 6 years. Congrats, guys. Glad I was able to help. Enjoy your new home!

FYI, this center had 4,600SF+ vacant when I took over leasing duties in November. Good to end the year on such a positive note.

Great marketing = great results. :)

My Moto Droid & XMas Shopping

I love gadgets and I enjoy playing around with new technology. I'm sort of in the anti-iPhone camp, too, mainly because of the network it runs on. Never really liked AT&T too much and would have at least tried the iPhone if Apple had the foresight to sever its ties with that weak network. I've been with Verizon for five years now and have no intentions of leaving. They're pretty solid as far as coverage. So when Verizon got the Google/Motorola Droid back in early November, I decided to wait a few weeks for the reviews to come in and make a decision. Everyone was pretty much fawning over the device, so I decided it was time to retire my Blackberry Curve and give it a shot.

One of the things I am most intrigued with is the phone's ability to use its built-in camera as a UPC barcode scanner. A simple app like ShopSavvy can be installed while you wait in line at the store and be up and running within 60 seconds - and it's free. What ShopSavvy and other similar apps do is scan the UPC code and then broadcast that code to the ShopSavvy servers. The servers identify the product based on the UPC code and then search both web and local sources for retailers with the same product. The end result is being able to see prices other retailers are offering.

For instance, I was in Best Buy (BB) looking for a micro USB cable. The only cable BB had was priced at $14.99. I thought that was high so I used ShopSavvy to scan the barcode and let it do its thing. Three sources came back, all but one of them were sourced from Internet sites. The best price? $4.99 with $2 express shipping. I ordered the product from my phone and walked out of BB empty-handed. In fact, I walked out of a lot of stores for exactly the same reason while Christmas shopping this season.

The operating system on this phone is developed by Google, so there's pretty tight integration between the device and things like GMail, Google Maps, Google Voice, Google Calendar, Street View, YouTube and so on. The Bluetooth in this device is a little buggy at times, but I cannot find too many faults with the phone. You might want to play around with a Droid the next time you're in a Verizon wireless store.

So Long, 2009.

What a year you were.

Business was very much like a roller coaster this past year, with most my deals occurring during the summer and within the past two months (Nov-Dec). Overall I would rate 2009 as not too bad. 95% of my sales came from leasing. Nearly 100% of my leasing deals were taking people out of high rent situations and repositioning them into lower rent opportunities.

I have more bank-owned inventory than I did last year and I am only expecting that to increase. I am also expecting those waiting in the wings for distressed assets to finally start showing up, probably in the mid to latter part of 2010.

Where's the bottom? Who knows. And no one is likely to know until things start turning around. I believe (and have always believed) Florida's geography will help it emerge a little sooner than other distressed areas. If you're looking for a sign, keep an eye on GDP and employment figures.

So here's a toast to the year that was: 2009. Don't let the door hit you in the ass on the way out.

Leased! Leased! Leased! Leased!

Two units leased since December 1 in this strip mall next door to Wal-Mart on Cortez Rd. I have one 1,150sf unit left and that one looks like it might be spoken for. Welcome to Allison's Dance Centre and Purple Coconut Hair Salon. Allison's took 2,250sf for 3 years and Purple Coconut took 1,200sf for 2 years. Out of my approx. 40 listings, this property has been the most active.

Latest Office Vacancy Report (November)

The numbers are in for 11/09. They are as follows**:

Downtown Sarasota: 13.74% (+)
University Parkway: 18.22% (-)
I-75 Fruitville S to Clark: 21.27% (n/c)
Venice: 22.03% (n/c)
North Port: 37.28% (n/c)
Suburban & South Trail: 27.84%

** = does not include sublet space.

Leased Another One! John Deere.

Moline, Ill-based JOHN DEERE, INC. (NYSE: DE) has leased 10,000SF of office and warehouse space for its landscape division at 1360 12th Street in Palmetto from HDVN, LLC. Deere, a $28-billion (worldwide sales) company, is ranked 102 in the Fortune 500, and leased the space for 3 years with options. Anthony V. Migliore of Coldwell Banker Commercial represented the tenant. The landlord was self-represented.