Tag Archives: Georgia

Commercial State of the Market Q1

Lori Judge | Cedric Smith PhotographyPhotography: Cedric Smith

Boasting 9,700 feet of contiguous berth space and over 3 million SF of warehouse space available within 30 miles of the port, Savannah’s commercial real estate market is poised for success and continued growth. Savannah, with a population of 886,000 and a workforce of 416,000 within a 60 mile radius, is the largest single container terminal in North America according to Georgia Ports Authority. With a $706 million dredging project underway, the port will only continue to grow our economy and create jobs. In Q1, Savannah and its surrounding areas saw a rise in asking price as well as a significant 1.5% drop in CAP rate.

Vacancy rates have dropped almost 1.4% from Q1 last year and are forecasted to drop to an astonishing 0% within the next 2 years. As investors flock to the area, asking prices per SF are reaching an all-time high as we move into Q2 seeing more than $30 per SF rise over the past five years. The Historic District and Pooler have seen the most significant raise in price and a 6 month drop in time on the market as well.

Georgia’s deepwater ports and inland barge terminals support more than 295,443 jobs in the state per year and generate $15.5 billion in income, $61.8 billion in revenue and $6.1 billion in state and local taxes. Savannah’s unemployment rate, as of February 2016, is the same as the national unemployment rate (5.3%), but lower than that of Georgia (5.6%). Moving forward into Q2 this year, we see nothing but success on the horizon for Savannah and the surrounding areas bolstering a healthy commercial real estate market with a projected 100% absorption assumption of the previous 5-year average.

Sincerely,

Lori Judge
Founder/ Broker-in-Charge

* Data provided by Georgia Ports Authority, Savannah Area Board of Realtors, and Co-StarCommercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge CommercialCommercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial Commercial State of the Market Q1 | Judge Commercial

The State of the Residential Market: Q1 2016

Lori Judge | Cedric Smith PhotographyPhotography: Cedric Smith

Residential sales in Savannah and surrounding markets have continued strong as we’ve moved out of the winter months and into spring, the selling season. The first quarter, typically the slowest for single-family homes, has seen a 4% increase from Q1 sales in 2015 with an 11% decrease in inventory. With the growth in the commercial market, as the supporting base of the residential, the residential market will maintain and can only improve from Q1 to Q2 this year.

Valuations sprung ahead of Q1 of 2015 by 6.7%, averaging $ 116/SF. In number of sales, Q1 of 2015 saw 1,555 as opposed to 1,629 of 2016. The neighborhoods we’ve seen the most growth in are The Historic Landmark District and The Islands. First time home buyers and investors are flocking to the area as prices become more competitive. We’ve seen a large influx of condo sales north of Anderson St. between Broad St. and MLK Jr. Blvd. as investors are looking for vacation rentals with the new city ordinance allowing the approved area of owner unoccupied rentals to expand past the Landmark Historic District.

We move forward, as always, happy that as our community continues to grow and prosper the real estate market will as well. Election years always prove difficult as the economic climate is more unpredictable; however, the current state of the market is stronger than it has been in the past and looks to be getting better each month with both deal volume and sale valuations. As artists, investors, and families continue to make Savannah home at an ever-increasing pace, we are overjoyed to see the success of our community looking brighter than ever.

Sincerely,

Lori Judge
Founder/ Broker-in-Charge

*Data provided by the Savannah Area Board of Realtors.Judge Realty

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Spacious condominium located in the heart of the Historic District

559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty559 East Jones Street, Savannah, GA, 31401 | Judge Realty

This condominium is located in the heart of Savannah’s Historic District. This spacious 2 bedroom, 2 bathroom condominium shares a large courtyard and comes with one parking space. Walk to the dog park, Forsyth Park, River Street, SCAD, and other Savannah landmarks in just a few minutes. Priced at $298,000 this is the perfect space for the young professional on the go. Contact Casey Anderson today to learn more and to schedule a showing!

Tobia Makover and Myself a Memory

Tobia Makover and Myself a MemoryTobia Makover, fine art photographer and mixed-media artist in Savannah, Georgia will hold her fall exhibition Tobia Makover – Myself a Memory Friday, November 20th, 6:30 pm to 9:00 pm at 201 East Charlton Street.

The event is free and open to the public. Fellow artist, exhibit designer and preparator at Telfair Museum of Art, Heath Ritch will be installing the exhibition.Tobia Makover and Myself a MemoryCurated by acclaimed artist Marcus Kenney, the exhibition brings hundreds of pieces together specifically designed for the location. This is Kenney’s first time curating Makover’s work which makes the experience of working with long-time friend and fellow SCAD alumni, Makover, even more special.

Kenney states, “Tobia’s images hold my attention like few others and the truth is that it is what I do not or cannot see in them that captivates me the most. It is my goal with this installation to show a side of her work that few get to witness and to share those memories the way my mind sees them. To see them not as a patron or student but as a memory of myself and ourselves. Her images are our memories, our childhood, our fantasies and our fears.Tobia Makover and Myself a Memory”Makover’s work is renowned for creating intrigue using timeless imagery combined with Fayum, a unique process of encaustic waxing that dates back to 1st century Egypt.

“This is my first solo show in Savannah since 2011 and I could not be more excited to be working with both Marcus Kenney and Judge Realty. I have known Marcus for 20 years starting as photography students at SCAD. I have known Lori for over 10 years, have photographed her son and have seen the growth of both our businesses over the years. I am beyond thrilled to have some of my longtime colleagues and friends be a part of this event,” says Makover.

The event space at 201 East Charlton Street overlooks historic Lafayette Square and is sponsored by Judge Realty. The property was built in 1852 for Major John Gallie, an officer in the Confederate Army. Designed by John Norris, Savannah’s most prominent colonial architect, this historically significant building lends a perfect atmosphere for the event.Tobia Makover and Myself a MemoryJudge Realty has been an advocate of the public and private art sector in Savannah and has brokered locations for both public art productions and pop up venues. Lori Judge of Judge Realty mirrors the excitement of the show and its significance, “Tobia has been a friend of mine for a long time. It’s a pleasure to support Tobia’s event while continuing my mission of supporting local and regional artists. Because of invested artists like Tobia, the Savannah’s artistic economy is becoming more stable.”

Makover, born and raised in Atlanta, is a Savannah College of Art and Design graduate in Photography and has been living as a full-time artist in Savannah for over 10 years.

Internationally acclaimed, Makover has exhibited all over the world including at the National Portrait Gallery in London, England, Les Ateliers de L’Image in St. Remy, France, PH-Neutro in Verona, Italy, the Griffin Museum in Boston, MA, AIPAD in New York, NY, and the SCAD Museum of Art in Savannah, GA.

For more information about the event visit the facebook event page.

Office property for sale located at 925 East 37th Street

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Downtown property located at 925 East 37th Street in Savannah, Georgia, could serve as a contractor showroom and/or office and warehouse space with room for trucks and service vehicles. This property in the past has provided ample space for a successful Kitchen and Bath business. With almost 4,400 square feet of space and priced at $387,500 this newly listed office/warehouse property won’t last long. Contact Lori Judge today to schedule a viewing! 

417 East Taylor Street – Victorian Home for Sale

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Stunning Victorian home located in the heart of the historic district. Located at 417 East Taylor Street, this 3 bedroom, 2 bathroom home has been meticulously renovated offering new: plumbing, electrical, HVAC, roof, gutters, kitchen, bathrooms and insulation.

Light floods every room from an abundance of windows, all of which have been restored to working order. You will love the 11ft ceilings throughout, wood floors, and six fireplaces. The luxury kitchen offers marble counter tops and a gas stove vented to the exterior. Turn key and low maintenance, this home would make a wonderful full-time residence or Savannah getaway. Enjoy the Savannah weather while sitting on the side porch or in the private brick courtyard. 

Schedule your tour of this beautiful home with Pamela Peterson today!

 

Office Property for Sale – 109 Oglethorpe Professional Court

109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GA109 Oglethorpe Professional Court | Judge Realty | Savannah, GA 109 Oglethorpe Professional Court | Judge Realty | Savannah, GAPhotography by Carson Sanders

Judge Commercial is pleased to present this prime Southside professional corner unit office condo. This open, light filled office space, consists of approximately 1,940 square feet and is located at 109 Oglethorpe Professional Court. This condo is in excellent condition and has been recently updated. It features a reception area and waiting room, private offices, 2 restrooms, storage, break room, conference rooms and plenty of parking for your employees, clients and guests. Contact Lori Judge today at 912-236-1000 to learn more! 

Bungalow Bliss

Judge Realty Client Feature | Casey AndersonJudge Realty Client Feature | Casey AndersonJudge Realty Client Feature | Casey Anderson Judge Realty Client Feature | Casey Anderson Judge Realty Client Feature | Casey AndersonJudge Realty Client Feature | Casey AndersonJudge Realty Client Feature | Casey AndersonPhotography by Carson Sanders

Purchasing your first home is incredibly exciting and often incredibly overwhelming. The Realtor you choose to lead you through the process should be understanding, patient and can become a close friend. In this week’s blog, we asked a recent home buyer, Laurie Garner, what her first home buying experience was like when working with her actual close friend, Judge Realty agent, Casey Anderson.


What made you choose Judge Realty?

LG: One of my dearest friends Casey Anderson recently started working for Judge Realty and she was so excited to start this new journey in her life and I was excited to set roots down and start a new journey myself. It only seemed appropriate for us to make moves together.

Three words to describe Casey Anderson as an agent…

LG: 1) passionate 2) driven 3) caring

How would you describe the process from contract to close, how did we do?

LG: The process from contract to close was an eye opener for me. I knew buying a house would be one of the most exciting/stressful things I would do in my life or at least in the 30 years I’ve been on this planet. Casey and I had been searching for a while and the day this home went on the market she grabbed me from work and said I had to see the house NOW! I trusted her and when we unlocked the door and I knew that I wanted this to be my home. We made an offer that evening and kept our fingers crossed. The seller contacted us less than 24 hours later and accepted. After that the ball was rolling. Casey made what should be one of the most stressful events in my life a lot easier. She went above and beyond and was on top of her game through the entire process. She kept my worries at ease when I felt flustered. The day I closed will be a memory I hold dear forever. There were moments of excitement and fear while signing papers, but when I looked up and saw Casey at the end of the table and saw how happy she was for this new chapter in my life, it made me so thankful that one of my best friends could be a part of this journey . She truly enjoys finding homes not houses for people. She will do whatever it takes to make her client happy.

Advice for others selling / buying properties?

LG: Patience. This normally does not happen over night. I looked at houses over the past few years and none of them worked out. Tears were shed over a couple because I thought I would not find another house that I loved as much. I didn’t want to settle and I thought those slipped through my fingers for whatever reason. You have to go into the home-buying process with patience because there are going to be houses that possibly slip through your fingers as well. You have to be ok with that because it was not meant to be. Once you realize that, more than likely the perfect HOME will pop up for you too!

P.S. Have your S*** together. Because once the loan process starts everybody and their brother will need your information.

What was your overall experience working with Judge Realty?

LG: Phenomenal! I hope everyone gets to experience what I did on July 1st, 2015. The few other people I know at Judge shared in my excitement for this new chapter and I wish only the best for Judge Realty. Thank you!


Judge Realty is Savannah’s only full service, locally owned and operated brokerage company. Celebrating 10 years in business, Judge Realty specializes in residential and commercial real estate, as well as in property management and rentals.

For more information about Casey Anderson contact Judge Realty at 912.236.1000.

 

 

Bright and Updated Home Close to the Beach

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Located by the beach, schools and convenient to downtown Savannah! This bright and updated home features a large fenced in back yard, a front and side porch and a free and open floor plan ideal for family living or that young couple looking to host weekend gatherings. With 3 bedrooms, 2 full bathrooms and 1,146 square feet of living space, this property, located in a quiet neighborhood, just might be your dream home to-be. Priced at $189,900 this property won’t last long. Contact Casey Anderson today at 912-236-1000 to schedule a viewing.

katherine sandoz joins Judge Realty Permanent Art Collection

Judge Realty adds Katherine Sandoz painting, Double Blaze to permanent art collection.

Judge Realty has added another piece to the Permanent Collection for the year 2015, katherine sandoz’s double blaze no. 2.

Judge commissioned double blaze no. 2 after seeing sandoz’s (color fields) double blaze that depicted a sunset and bonfire that took place at Temple’s Farm, Lori Judge’s farm in Metter, Georgia. As a nod to the 10 year anniversary and its owner/founder’s 40th year of life, sandoz cut the panel at 40″ square.  Fire’s myriad metaphors appeal to both artist and commissioner who share a joy for paint and its ability to communicate.

Savannah-based multi-media artist, katherine sandoz paints soft, luminous color field style paintings, of the Georgia landscape. She is known for examining everyday formations and offers work – in sizes varying from 24″ to 12′ x 12′ – that celebrates what is precious and unique. Analyzing and reframing small moments and neglected details of the day, sandoz covers large areas of her surfaces with thinned and fluid paint in loose abstractions, allowing the viewer to pay attention to what are essentially the backdrops of our everyday life – the natural landscape. A clever environmentalist, she makes a practice of using native, recycled, repurposed and up-cycled materials and playfully bonds them with conceptual twists and layered narratives.

double blaze is now a part of Judge Realty’s Permanent Collection that started in early 2014. Built to showcase a private collection that is open to the public, the pieces are on rotation for guests and passerbyers to enjoy at Judge Realty.  With now over 30 pieces in the collection, Judge Realty aims to support local and regional artists and help the creative community thrive.