The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to under 4% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a 6.5% or so midpoint. […]
For anyone involved in commercial real estate in Miami, and for that matter anyone interested in Miami, this video is must see material. Created by HBO’s VICE, the episode travels along Biscayne Boulevard, the main artery to the city stretching north to south. The show stops in neighborhoods it bills as being as marvelous and strange as […]
As can be seen in the accompanying chart (Commercial Real Estate Loans, All Commercial Banks June 1, 2004 to November 1, 2015), the total of commercial real estate loans for all commercial banks has hit a new high for the periods available at the Federal Reserve Bank economic research pages.
Jim Schroder of Tribridge Residential joins host Michael Bull to discuss new trends for multifamily properties.
Podcast host and Atlanta based commercial broker Michael Bull discusses and defines off-market properties.
For retail properties in Miami-Dade County from 3,000 to 12,000 square feet, the top buyers in the past year as listed by Costar on February 4, 2016, were: Ponte Gadea, USA; Thor Equities; Tristar Capital; RFR Realty; Safra National Bank of New York; Jamestown U.S. Immobilien GmbH; Sunshine Gasoline Distributors; Centurion Realty; Customer Service; RedSky […]
On February 10th, 2016, Federal Reserve Chair Janet Yellen testified (video) before the House Financial Services Committee on the central bank’s semi-annual Monetary Policy Report to Congress. Among other things, she told committee members that the economy and labor market continue to grow despite a recent slowdown. Some of the more contentious moments were during a heated exchange […]
The Federal Reserve’s Real Estate Analyst Brian Bailey joins host Michael Bull to disucss the real estate industries impact on U.S. GDP and economy.
Within the commercial real estate industry, it is generally accepted that higher interest rates lead to higher cap rates and thus lower values, and vice versa. The data on this suggests that the relationship is looser than frequently perceived. On average, there does appear to be some correlation, with more considered analyses suggesting a 30% […]
The capitalization rate (cap rate) for mid-market multifamily properties in Miami-Dade County (20 to 80 units, 1,448 properties) drifted to just under 7% in the most recent period reported by Costar. As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a […]
The Miami Downtown Development Authority has published a January 2016 Study of Retail Market Conditions. Highlights include: About 1.425 million square feet of retail are planned or under construction, most within Brickell City Centre. Downtown Miami contains about 6.5 million square feet of retail, with rents varying widely from the high teens to more than […]
After falling by nearly half from its 2006 peak, the Case-Shiller index has appreciated by more than 50% from its 2011 trough as of November 2015. This level is now about 26% less than the peak levels of 2011, confounding many that thought such recovery would take years if not decades more. This strength has […]
It was being reported that in November Miami commissioners deferred a vote until late January that would modify the Miami 21 zoning code. The changes could have made small lot development a thing of the past. As this post goes live, the City of Miami Commissioners are having their Planning and Zoning meeting, and this item […]
The capitalization rate (cap rate) for retail properties in Miami-Dade County that are 5,000 square feet or larger (4,855 properties), as reported by Costar, remained under 6% in the most recent period, as can be seen in the accompanying chart. This represents a significant decline from five years prior, when cap rates for such retail […]
The National Association of REALTORS (NAR) together with Deloitte and Situs RERC will once soon release an annual commercial real estate market outlook for the year. The report, Expectations And Market Realities 2016, will assemble a wealth of research and data from a large set of data providers, respondents to surveys, economists, analysts, reviewers, business associates and colleagues. Related […]
The unemployment rate in Miami-Dade County As can be appreciated in the accompanying chart (Unemployment Rate in Miami-Dade County, FL November 1, 2005 to November 1, 2015), this rate has not been significantly lower since 2008, and is about half the peak level reached around 2010. This low unemployment level bodes well for commercial real […]
