JOHANSEN PROPERTY MANAGEMENT
The real estate market in the United States is transforming. Once littered with foreclosures, today both the residential and commercial rental markets have turned around. Johansen LLC is a professional property management firm dedicated to purchasing and overseeing commercial retail and office space in Southwest Florida. The Company currently owns two properties in Collier County. Johansen LLC performs rigorous due diligence to evaluate the future profitability of a property prior to purchase. As a property manager, Johansen LLC oversees maintenance and repairs, enforces leases, and manages its relationships with tenants.
THE SOUTHWEST FLORIDA MARKET
The Southwest Florida market continues to attract new residents and visitors. Collier County, Florida, where Johansen LLC is headquartered, grew by nearly 9% between 2010 and 2014, according to the U.S. Census. This tremendous growth rate is more than double the national population percentage change for the same time period. Johansen LLC will benefit from the increasing demand for new retail and office buildings in the area. According to Colliers International, in the fourth quarter of 2015, Southwest Florida had average vacancy rates of 7.3% and 11% for retail and office buildings, respectively. The Company will target potential business tenants. Johansen LLC operates in the recession-resistant $61.8 billion Property Management industry, which is expected to grow at a rate of 1.6% over the next five years.