Palm Beach County’s Riviera Beach is emerging as one of South Florida’s newest real estate submarkets for opportunistic investors. The area with the most potential is the Broadway Corridor, a district that is undergoing significant transformation fueled by public and private investment. I recently listed a six-story office building at 2001 Broadway and find the […]
As the real estate industry heads towards a “long glide path to a soft landing,” the real estate industry is changing the way it evaluates expected market performance, according to a recent report by PwC and the Urban Land Institute. The report, named Emerging Trends in Real Estate®, is the result of a survey conducted […]
Strong ties with Latin American trade partners make Port Everglades in Fort Lauderdale the driving force to the local industrial market, according to Marcus & Millichap’s mid-year market report. Robust trade activity to the south fueled by Miami International Airport, the national leader in international freight, is trickling north as well. These factors contributed to […]
The Federal Reserve has outlined plans to accelerate its effort to move toward a more normalized monetary policy following nearly a decade of easing. There is no doubt the ‘normalization process’ will put upward pressure on long-term rates. That will ultimately impact the value of real estate assets. I wanted to write about this issue […]
The office market in Miami-Dade County continues to gain ground in terms of occupancy and rental rates. It ended the second quarter 2017 with a vacancy rate of 8.8 percent, according to Costar’s latest office market report. The vacancy rate was down over the previous quarter, with net absorption totaling positive 280,022 square feet in […]