Rick Scott at Heat Pipe Technology

I had the pleasure of witnessing an act that will help Florida manufacturers as a whole. On Friday, May 17, Governor Scott signed a Manufacturers’ Sales Tax Exemption Bill at the site of one of our clients, Heat Pipe Technology in Oldsmar.

The bill offers a new sales tax exemption for Florida manufacturers that are purchasing machinery and equipment. The bill won’t take effect until April of next year, but some manufacturers are already moving forward based on the additional profit they’ll receive because of the tax break in 2014. QTM, a machined metal manufacturer in Oldsmar has already purchased two pieces of equipment and hired nine people since the bill was signed.

The U.S. Department of Labor, Bureau of Labor Statistics tells us Florida is home to nearly 18,000 Manufacturing establishments that employ close to 371,000 people. Florida’s Manufacturing companies have a total payroll of more than $18.0 billion and an average wage of approximately $48,630.

Think about it. If the majority of these companies increase their number of employees by as little as .5%, it will mean an additional 2,000 Florida jobs with above-average earnings. Good news for non-manufacturers as well since these new jobs will allow Floridians to spend more in restaurants, retail, travel, etc.

 

My wife and I recently visited Auckland New Zealand. New Zealand is 18 hours ahead of Tampa’s Eastern Standard Time and so operating in the “future” was quite interesting for us.  The rest of the world is always trying to catch up with you.  To give you an idea of its size, New Zealand has 2 islands;  the south island, measuring about the same square miles as Florida and the north island, about 24% smaller than the South Island.  Both islands of New Zealand are home to 4.5 million people, while the greater Tampa Bay area alone has nearly 4.5 million people.

New Zealand’s economy is primarily agricultural with its 40 million sheep holding top honors in its revenue producing ability. Like Florida, tourism is vital to its economy.  People come from all over the world to visit its majesty and beauty.  Because the US dollar is worth 25% more in New Zealand than here, it’s a great time to visit. New Zealand’s population had been moving to Australia where the wages are higher, but with the strengthening economy, its population seems to be stabilizing.

Australia is about the size of the US but has only 26.5 million people; 7.5 million people fewer than the state of California. It lies 1200 miles west of New Zealand.  Most of Australia is desert so the majority of its residents live in or near Sydney.  Sydney is by far the largest city with about 4.6 million people.  Australia is growing and faces similar struggles as the US including illegal immigration.  Boat people seek asylum in Australia, and are frequently granted their wish, but like the US, the costs of caring for non-taxpaying citizens is beginning to take a serious toll on its budget. Citizens are becoming upset and concerned even though they are, like many in the US, sympathetic to the plight of the unfortunate.  However, Australian citizens are struggling with the costs and responsibility of supporting those who do not pay taxes.

Another very interesting fact that directly impacts US real estate prices now and into the future is this: Sydney, Australia, the second most expensive city to live in the world, and Auckland, one of the most livable cities in the world are experiencing a huge influx of capital from all around the world because both cities are considered safe havens.  You see, when you consider the 7 billion people living in the earth’s nearly 200 countries, only a few countries are thought to be safe havens; a place in which you can put your money and have it available when you desire.  With that said, the US has several cities that standout as safe havens:  New York, Washington, San Francisco, San Diego, Miami, Seattle, Boston, Los Angeles, and Houston. Interestingly, Australia loves the US and is a heavy investor. Have you ever been to a Westfield Mall?  Those malls are owned by a Westfield Group, based in Sydney, Australia.

Foreigners still consider the United States one of greatest countries on earth and one of the best places to invest; so do I.  We need to continue to work hard to be certain their faith in our country and our economy stays strong.

By: Ben Dikman, Vice President, The Dikman Company

There are many different ways to market your company, your services, and your available listings. There are traditional methods such as fliers, direct mail pieces and print advertising. Now, thanks to technology, there are also many non-traditional methods of marketing such as social media, e-blasts, and virtual tours.

We’ve witnessed many changes to how you promote in the marketplace. However, there is one tried and true method of marketing that I believe has the highest ROI, if done properly, and that is good old fashioned networking! READ MORE »

Bob Dikman, Chairman & CEO

As some of you may know, I am an active member of SIOR (Society of Industrial and Office Realtors). This year I am honored and proud to have been appointed to the position of Speaker of the Council of Presidents. I am a strong believer and supporter of this excellent commercial and industrial real estate association.

One of the newest endeavors set forth by SIOR was the formation of the Independent Brokerage Group in May of last year. The purpose of the Independent Brokerage Group (“IBG”) is to create and sustain a network of highly qualified, independent SIOR brokers across the country to collaborate, share information and enhance business opportunities for its members. READ MORE »

Ben Dikman

In the ever changing world of  real estate, one thing I have learned is that your life can get pretty crazy.  Between listing appointments, showing property, managing properties, dealing  with tenants and landlords our days are often non-stop, action packed, and at times stressful. Our personal lives and  activities sometimes get pushed to the back burner as we try to accomplish (and  complete) our never-ending ‘to do’ list.
Before I made commercial real
estate my profession, I spent several years in the corporate sector. Life was
pretty structured. I worked from 9 – 5 pm, came home and worked out, had dinner
at 7, went to bed at 10….and then got up the next day and did the SAME
THING
. Needless to say, that type of monotony can get pretty old.

Bob Dikman

We recently welcomed a new tenant into our offices at 1315 S. Howard Avenue. His name is Dr. Radley Griffin, and he is a medical physician who provides his clients with concierge medical care. Not only is he our newest tenant, he is also my personal doctor.

Dr. Griffin’s practice is  unique. Some people call it concierge or boutique medicine, but Dr. Griffin  prefers to call it ‘good, old fashion, family medicine.’ Dr. Griffin’s services are all inclusive, and he even makes house calls!  His patients know they can contact him at anytime for any medical need and they won’t  have to wait a month to get an appointment. His services are specialized and customized to meet the needs of each of his patients. He has created a ‘concierge relationship’ with his patients. READ MORE »

By: Ben Dikman, Vice President, The Dikman Company
I’m a big fan of  CSI (Crime Scene Investigation) shows on
television. I especially enjoy the final court room drama scenes that
always come up during the final 15 minutes of the show. Those powerhouse
attorneys battle it out to the bitter end, pulling out all punches, and doing
whatever it takes to get their case to win. That’s pretty impressive
stuff!

By: Bob Dikman ALC, CCIM, CRB, SIOR

Chairman & CEO, The Dikman Company

 

 

 

Auto racing and commercial realcestate have more in common than you might think. This past month I hadcthe opportunity to participate in a race that drove (no pun intended)cthat message home to me on all levels. I was honored to be asked to serve againcas an official spotter for the Rolex 24 the weekend of January 28th. If you are
not familiar with what a spotter actually does during the race, let me explain.

READ MORE »

By: Ben Dikman, Vice President, The Dikman Company
I recently put my house on the  market. Because I live in Brandon but spend most of my time (both personal and  professional) in South Tampa, it makes perfect sense for me to live there. When I contacted a Realtor to begin showing me potential homes to purchase, I was  very specific with my geographic request:
South TampaIt is the ‘right’ place for me (the client). READ MORE »