Miami-Dade County produced a 1.4 percent growth in jobs (15,300) from October 2015 to October 2016 with mixed results among sectors, according to a recent report by the Beacon Council, a public-private agency. This data is significant when considering an investment in commercial real estate. Job growth often sparks demand, which subsequently applies upward […]
The volume of office investment sales in Miami remains high but essentially unchanged from a year ago. Yet, if we dissect the nature of the deals, we find that institutional investors were behind many of those transactions, according to Marcus & Millichap’s 2H Miami Office Report. On the other hand, trades in lower price tranches […]
Real estate investors are increasingly turning their attention to Little Haiti, Little River and Allapattah—communities north of downtown Miami. Neglected for decades, investors are now betting on the transformation of those communities as signs of change are rapidly appearing. For example, Little Haiti commercial lease rates averaged $2 to $3 per square foot in 1998. […]
Foreign investors have played a big role in the evolution of the Miami real estate market in the last decade. They come to Miami to buy residential and commercial properties, to build projects and to invest as silent partners. So what impact could President-elect Donald Trump’s anti-immigration rhetoric have on direct foreign investment in South […]
The latest survey of U.S. real estate economists shows continued declines in expected economic and real estate growth rates. Compared with six months ago, real estate economists have reduced their expectations about economic growth, interest rates, commercial mortgage–backed securities (CMBS) issuance, housing starts, and private real estate returns. One area of greater optimism is the […]