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      • Lumberton Apartments
    • Homes
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      • Lou Mapp
      • Markus Simmons
      • Zeke Powell
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COMMERCIAL    RESIDENTIAL    CONTACT
 

COMMERCIAL INSIDER

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This is our first newsletter of 2022. We’re going to learn from each one and make adjustments, so hopefully it evolves into exactly what you want. Please reply to this email if you have suggestions or comments about what we can do in the future. 

We had lots of movement in September. Please view our new listings and advise if we can assist you with any of your commercial property needs. Remember, we have been offering professional property management since 1933.
Thus far in 2022, our commercial agents have closed 84 transactions, sixty (60) leases and twenty-four (24) sales. In total, we’ve sold over $12 million in real estate and leased over a hundred thousand (100K) square feet.
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 NOTES FROM OUR CEO
Pandemic Panic: In March 2020, we, like many in the CRE industry had no idea what we were going to be facing  in the next few days, weeks years when the world shut down. Although we were deemed “essential” we worked carefully and in slow motion not to harm staff, customers and clients. By the end of March still under shelter at home orders coming and going, we saw a glimmer of hope.  We worked diligently and landed one of the largest distribution entities in the world in Hattiesburg……..Amazon took a building off West Pine St on 63rd Ave, also the Miss. ABC distribution contractor purchased a pair of industrial facilities off Highway 49 North and we shifted to more warehouse/distribution. Also residential rentals and inventory absorbed pretty quickly for both sale/lease properties.  Other concentrations of real estate, i.e. office, retail etc. started to have a little demand and glimmer of hope and we are somewhat back to our new normal in all concentrations of CRE. We realized the retail shopping experience that many like cannot be replaced with ecommerce and certain items cannot be sent via a wire. 
We noticed when the stock market corrected in 2020, we had an influx of institutional investors looking at smaller tertiary markets and started paying premium for multifamily property and other commercial real estate. They competed with our local investors and caused cap rates to decrease, therefore pricing escalated. We ran out of descent multifamily inventory quickly.

In spite of the rising interest rate environment, the cap rates are not keeping up and cap rates are slowly creeping up and not quite where buyers are totally comfortable.

Because of the typical buy/sell activity there is a lot of 1031 liquidity on the sidelines looking for replacement property and having to often stretch the scope of the search to a larger radius.

If you have commercial real estate you are considering selling, want to sell and leaseback your building or even sell your business and CRE or sale leaseback, please let one of commercial agents be aware.
Contact Us

New Listings

510 Broadway Drive

1100 Hardy Street

825 Hardy Street

Westover Crossing: 4501 Hardy Street

1A Churchill Street

6184 Highway 98

508 Broadway Drive

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New Leases
 
- 4906 Old Highway 11 Suites 1A and 2
- 1910 Hardy Street Suite F
- 1202 Hardy Street
- 6504 Highway 98 Suite 30
- 6152 Highway 98 Suite 60
- 604 Adeline Street Suite A
- 2623 Lincoln Road
- 1085 Frontage Road, Wiggins: Suites D, C, and G
 

 
Sales
 
- 1225 Highway 42
- 2111 Oak Grove Road
- 49 Place Shopping Center
- 1010 S 17th Ave

 
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stephen@londonandstetelman.com
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​Hattiesburg, MS 39402
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