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 […]
As stock and bond markets quake, the underpinnings of the commercial real estate market seem strong enough to take a punch, as long as the market volatility doesn’t turn into a sustained rout, says Phil McAndrews, chief investment officer for TIAA-CREF Global Real Estate. He oversees $90 billion in assets, with about $22 billion of […]
The Treasury Department’s recent initiative to curb money laundering tied to cash purchases of luxury properties in Miami and New York may fuel future commercial real estate deals. As investors from unstable economies rush to invest their cash in Miami, they may turn their attention to single-tenant assets such as office, retail and industrial […]