Miami-Dade County’s economy remains healthy as local businesses created 27,100 new nonagricultural payroll jobs in the past year, according to the August report of the Miami-Dade Beacon Council. This data highlights one of the reasons the office market continues to perform well in Miami. The unemployment rate remained low at 4.8% in July 2017, which was a 0.2 […]
Despite a lack of inventory, investors are not abandoning their fierce search for suburban offices with upside potential in sizzling suburban markets. According to Marcus & Millichap’s second quarter office market report, investors were most active in the Kendall and Northeast Dade submarkets. Doral, which has experienced explosive growth in the last decade, is another […]
This Bloomberg article highlights a trend I’ve been observing among many of my clients, especially those investing in CRE in the $10 million to $20 million range. The article discuses how wealthy investors boosted bets on real estate in the first half of 2107 and exited hedge funds and equities. They have been pushed back […]
Lincoln Road Mall is known around the world as the premier shopping, dining, and entertainment destination in South Beach. But the pedestrian street is also home to several office buildings such as 605 Lincoln Road, also known as the former Sony Building. I recently began marketing the 5th floor of 605 Lincoln Road, which is listed […]
Exclusive research results from the third quarter NREI / Marcus & Millichap Investor Sentiment Survey show a disconnect emerging in investor sentiment with uncertainty on one side and high confidence related to property fundamentals and performance on the other. The Q3 2017 Commercial Real Estate Investment Outlook also brings some good news to the market. […]