Q+A With Franklin Street’s Joseph Landsberg on the Rising Cost of Capital
February 14, 2022 | Chava Gourarie
Inflation is at its highest rate in 40 years. Rents are at their highest rate ever. Everything, it seems, is going up. Costs, rents, values, premiums — and now, interest rates.
The combination of all of those is bound to have an effect on the cost of capital, and Joseph Landsberg, director of the capital division at the Tampa-based commercial real estate brokerage Franklin Street, spoke with Commercial Observer to discuss how it’s all shaking out.
Franklin Street also specializes in insurance, which gives the firm particular insight into commercial real estate deals where insurance is an important component, Landsberg said, which increasingly, is all of them, as insurance premiums are also rising across the board — be it catastrophic, liability or disaster coverage.
Franklin Street is active in South Florida, with offices in Miami and Fort Lauderdale, and throughout the Southeast. In one recent deal, Franklin Street helped secure financing for Sharon Sharaby’s kosher hotel in Hollywood, Fla.
