James Hawkins, Author at Hawkins Commercial Realty

Video: The NW 54th Street Revival; History of Liberty City ~ Docu-Series, Ep. 1

Mar 09, 2024 - Development - 0 Comments - Standard

Reviving Liberty City: A Conversation on Community, History, and Renewal In a heartfelt conversation that spans generations and experiences, a group of individuals reflects on the past, present, and future of Liberty City, a neighborhood in Miami known for its rich cultural heritage and struggles. Through their words, we see the evolution of a community, […]

The Potential Implications of Survey Listing Price Questions Following Property Tours According to Behavioral Economics Theory

Feb 11, 2024 - Negotiating - 0 Comments - Standard

I was recently exposed to a survey for a buyer following a property tour wherein the buyer and buyer’s broker were asked a few questions, one addressing how they felt about the listing price. This immediately struck me as something that might work against the interests of the seller. I’ve long been a student of […]

Chart: The Remarkable Post-COVID Run of Industrial Property Prices in Miami-Dade

Jan 29, 2024 - Industrial - 0 Comments - Standard

The chart illustrates the dynamic changes in the average selling price of industrial property in Miami-Dade since 2019 Q4, a date just prior to the onset of COVID, with each data point scaled relative to the baseline value of 1.00 at the end of 2019. Several notable trends and patterns emerge from the dataset. In […]

Chart: Percentage of Banks Tightening Standards for Commercial & Industrial Loans

May 05, 2023 - Economy - 0 Comments - Standard

The chart above, retrieved from the St. Louis Fed FRED system, illustrates the net percentage of domestic banks that are tightening their standards for commercial and industrial loans to large and middle-market firms.  This data series is part of the Board of Governors of the Federal Reserve System’s Senior Loan Officer Opinion Survey on Bank […]

Chart: Adjusting Value Perceptions for the Recent Inflation Surge

Mar 01, 2023 - Analysis - 0 Comments - Standard

I’ve had a few buyers say something to me along the lines of “I’m going to wait for prices to drop to where they were.” When they mention a level, I notice that it tends to be a value from about five years ago. They could be right; this post has nothing to say about […]

Chart: Diminished Small Business CRE Buying Power Given Higher Interest Rates

Feb 02, 2023 - Financing - 0 Comments - Standard

The above chart displays the loan amount per $10,000 of monthly principal and interest (P&I) payment on a 25 year amortization schedule and assuming an interest rate 2.5% above the 10 year treasury. The actual spread varies over time and between institutions, of course. “Money often costs too much.” ~Ralph Waldo Emerson The idea here […]

Chart: Commercial Real Estate Quarterly Price Index Moves, Calculated Standard Deviation, Empirical Rule Observations Utilizing FRED Data

Jan 18, 2023 - Analysis - 0 Comments - Standard

Board of Governors of the Federal Reserve System (US), Interest Rates and Price Indexes; Commercial Real Estate Price Index, Level [BOGZ1FL075035503Q], index levels retrieved from FRED, Federal Reserve Bank of St. Louis; Series BOGZ1FL075035503Q, January 16, 2023.The chart herein shows the quarterly change of the Commercial Real Estate Price Index from the Board of Governors […]

Commercial Borrowing Cost: Rate Watch for December 30, 2022

Jan 05, 2023 - Financing - 0 Comments - Standard

The interest rate environment has changed fairly dramatically over the past 18 months. At the end of 2022, five year treasury rates, most closely tracked for commercial property borrowing cost, closed at 3.99%, up from the 0.2% to 0.4% range it was bouncing around within during the months preceding February 2021. If one considers this […]

Chart – Inflation Watch New Year’s Day 2023: TIPS Indicating 2.33% Expected Inflation for Next 5 Years

Jan 01, 2023 - Economy - 0 Comments - Standard

The chart above is of the 5-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five year period ending on December 30, 2022, the last trading day of 2022. This illustrates the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the […]

Chart – Inflation Watch Halloween 2022: TIPS Indicating 2.67% Expected Inflation for Next 5 Years, Down from 3.59% March Peak

Nov 01, 2022 - Economy - 0 Comments - Standard

Posted above is the chart for the 5-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending on Halloween, October 31, 2022. A calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity, this spread […]

Chart Reflects Dearth of Industrial for Sale in Miami-Dade

Aug 03, 2022 - Industrial - 0 Comments - Standard

About any active commercial broker in Miami-Dade will tell you that there is all kinds of demand for industrial property, but none to buy. I can personally attest to this. This chart of properties noted as “industrial” in the Miami-Dade MLS and with an asking price of $1 to 5 million (mid-market industrial) illustrates this. […]