Commercial Real Estate Insights Podcast
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Indian Retail Trends, Florida Tax Repeal, and Cincinnati Revitalization
In this episode, Steve Hamoen kicks off with an introduction and dives into the food and beverage sector's influence on Indian retail real estate, drawing comparisons with North American trends. He then examines the recent repeal of sales tax on commercial leases in Florida, discussing its potential effects on landlords and tenants. The conversation shifts to the rise in US commercial mortgage delinquencies, exploring the underlying causes. Steve also highlights redevelopment and urban revitalization trends in downtown Cincinnati and across North America. The episode includes a look at property transactions in Onondaga County, New York, before concluding with closing remarks.
Key Points
- The food and beverage sector is driving significant growth in India's retail real estate, with developers dedicating more space to dining and entertainment in major cities.
- Florida's repeal of the sales tax on commercial leases, effective October 1, 2025, is expected to save commercial tenants billions of dollars annually and simplify compliance for landlords.
- Urban centers across North America are increasingly converting former commercial and industrial spaces into residential properties, addressing housing shortages and revitalizing downtown areas.
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Transcript
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