First thing’s first, revenue per square foot is the amount of sales revenue received, divided by the amount of retail space the business occupies. When measuring retail profitability and the effectiveness of an individual retail model, it’s essential to consider the revenue a store earns per square foot. Retailers looking to rent a space must […]
Economic news
Macaroni Lofts Becoming A Reality
• Construction is expected to begin in early 2021 • Residential units pre-sales are available now. Visit https://macaroni-lofts.com/ for more information on the individual units. • 6,000 SF ground floor commercial space available Another development in the Parkside District is moving forward! The city of Birmingham Design Review Committee approved the Macaroni Lofts design Wednesday […]
Obtaining Financing For CRE Projects Part II: Understanding The Five C’s Of Credit
The five C’s of credit established a thorough system of checks and balances that weighs each component to gauge the potential for borrower default as well as the overall possible risk of loss for the financers. Understanding the five C’s of credit can help you determine your current credit status as well as determine your […]
Obtaining Financing For CRE Projects Part I: Partnering With Local Lenders
What To Know About Financing Your Commercial Real Estate Projects At Southpace Properties, our team of licensed and professional realtors doesn’t just know commercial real estate properties; we also have extensive experience navigating through commercial real estate financing as well. Our collective tenure means that, within the commercial property vertical, we’ve pretty much seen it […]
What Effects Could The 2020 Presidential Election Have On CRE?
As hard as it may seem to believe, here in the U.S., we are on the cusp of yet another cycle of presidential campaigning. Prospective candidates are already tentatively dipping their figurative toe in the political waters to gauge potential public approval and support. Before we know it, we will be headlong in the throws […]
Alabama Businesses Embrace CBD Oil Just Months After Farm Bill Law Update
The next potential commercial real estate gold rush is decidedly green – and many local businesses here in Birmingham, particularly those in the food, beverage, and hospitality industries are striking while the iron is hot. In December 2018, Alabama passed the Farm Bill Law that updated the legal status of cannabidiol, an active cannabis ingredient […]
5 Ways Millennials Are Redefining The Multifamily Housing Market
As the 2nd largest living adult generation in the U.S. (with numbers just under 72 million), millennials have come of age and officially proven themselves a force to reckon with when it comes to, well, pretty much everything. Born sometime in the early 1980s through the early 2000s (hence the “millennial” moniker), this generation often […]
The Wellness Economy Is Taking Over The World (And Influencing CRE)
Most people equate “wellness” with a lifestyle; a term associated with holistic health choices that impact our overall physical, mental, spiritual, emotional, and social well-being. However, recent commercial trends have transformed the concept of wellness into more than mere personal life practices. The last few years have brought with it a meteoric rise in the […]
Opportunity Zones Program & Commercial Real Estate Investment
At this point, most of us have heard of the Tax Cuts and Jobs Act (TCJA). Passed in 2017 and touted as the most significant tax reform legislation in over three decades, this transformative bill did more than revamp the terrain for individual taxpayers; it also paved the way for an unprecedented investment model touting […]
Historic Tax Credits Increase Birmingham Real Estate Investments Demand
Many national markets continue to emphasize a “newer is better” mentality. However, Birmingham and Alabama as a whole have placed a significant focus on investing in buildings with a nationally certified historic status. In short, while many areas tear down historical sites and structures, our state continues to restore, redevelop, and celebrate them. […]
