Demand for office space is expected to continue in Miami as unemployment numbers fall in Miami-Dade County. Recently released data highlights the strength of a key market fundamental in the CRE real estate market: jobs creation. Miami-Dade added 18,700 new payroll jobs in the past year and unemployment decreased to 5 percent in April, from 5.4 […]
In case you missed it, Commercial Property Executive has featured our listing in Miami’s fast growing West Kendall office submarket. My team was tapped to market the sale of the Tamiami Metro Office Building, a two-story, 39,069-square-foot office asset in Miami. We are leading the marketing efforts on behalf of seller Tamiami Metro LP, an affiliate of […]
The South Florida CRE market is changing again, with one sector of the market performing extremely well. Here is my recent Q&A that describes the condition of the South Florida CRE market. Q: How busy are you selling/closing deals these days? A: I focus on deals ranging from $1 million to $20 million and I […]
When meeting with investors interested in purchasing retail space, from single-tenant assets to small shopping centers, I have recently noticed that their primary concern is the impact of e-commerce weakening the demand for retail space. This is a valid point but I respond that there is also an e-commerce trend fueling demand for brick-and-mortar stores. […]
The rise of unconventional office submarkets in Miami is heating up. Wynwood is leading the race. One of the latest listings in the trendy neighborhood is a development site with approvals for a 12-story mixed-use tower to be named Wynwood Square. The project will consist of 241 apartments, 60,290 square feet of office space, 27,212 square […]