Miami-Dade County’s employment numbers show annual job growth rates in February of 15 percent in construction and 4.5 percent in financial activities, exceeding the state’s annual rate, according to statistics released recently by the Beacon Council, a private-public organization in charge of attracting businesses to Miami-Dade County. The Beacon Council President & CEO Larry […]
A slowing economic growth is making lenders nervous and they are expected to become more selective and discriminating as the year progresses, according to Bloomberg. If financing becomes less available, the velocity of CRE sales will be affected as the year progresses. Mark Myers, the head of the commercial real estate business at Wells […]
A combination of growing demand spawned by new and expanding tenants and subdued construction point to another year of declining vacancy and rising rents in the Miami-Dade office sector, according to Marcus & Millichap research. The market finished last year with the highest amount of occupied space on record. This represents all-time highs in professional […]
Despite signs that the South Florida condo market is slowing down, Blackstone Group, Prudential Real Estate Investors and Federal Realty Investment Trust executives remain bullish on the Miami commercial real estate market, according to a recent article in the South Florida Business Journal. Low capitalization rates have driven up real estate prices in recent years […]
Foreign investors were involved in direct property purchases totaling $91.1 billion in 2015, a record year for these investors. These transactions accounted for 17% of all deal volume in 2015, up from an average of 10% the previous four years, according to a recent report by Real Capital Analytical. The top six foreign investors were […]