Will Miami, Broward seaports converge? Two former rivals recently joined forces in an alliance to stave off competition from neighboring West Coast ports. The Ports of Seattle and Tacoma created the Northwest Seaport Alliance in August aiming to regain market share in what has become an increasingly competitive seaport industry. Port Everglades… New look for […]
The Miami DDA has released it summer residential market research report. Some key points include: Nearly 90 percent of the new residential units built duirng this cycle have been absorbed, which has fueled rising prices for condos as well as rental rate increases for apartments Pricing for existing condos is up nearly 7% Rental rates for conventional […]
As anyone looking for office space in Coconut Grove can attest, finding space is no small task, and when you do, beware, it is a lessor’s market. Development in the area has been dominated by high-end luxury condos, perhaps keeping new office space from being developed. Charts courtesy of CoStar.
The returns than investors in individual condo units will settle for never cease to surprise me. It makes some sense to settle for less return, somewhat less, as investing in a condo is easier and more hassle free. Also, there is a “strength in numbers,” “standardization of value” aspect to it, with properties selling for more […]
Walter Page, Director of Research for Costar Group, joins host Michael Bull to discuss the office market.
The Miami City Commission elected to defer a vote on controversial changes to the Miami 21 Zoning Code until late January. The changes are controversial mainly as they would drastically increase the minimum lot size for development in some transects. A video of the meeting may be viewed at the City of Miami’s Live and […]
Walter Page, Director of Research at the CoStar Group, joins host Michael Bull to discuss the current state of the office Investment market.
The National Association of Realtors® has posted the slideshow Economic and Commercial Real Estate Outlook, embedded below. These slides are from a presentation given by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum at the Realtors® Conference & Expo that was held in San Diego on November 13, 2015. This presentation covers […]
At the end of the 3rd quarter of 2015, U.S. Treasury yields, on a nominal basis, were essentially unchanged in the shorter maturities versus the quarter prior, while yields for 5-year and longer maturities edged lower by about 25 basis points. On a real basis, however, these rates were higher, reflecting a lower inflationary environment. […]
The median number of days to sell commercial/ business/ agricultural/ industrial land dropped to a near term low in September and is firmly in the low end of a range of the past few years, as can be see in the accompanying chart. This favorable metric is in line with generally favorable trends in area commercial […]
The National Association of Realtors has released its 2015 Q4 Commercial Real Estate Outlook report, offering overall projections for the four major commercial property sectors, office, industrial, retail, and multifamily, and analyzing quarterly data for the same. Highlights of this report include: Continued positive pace for demand for commercial leases in the third quarter of […]
Chart of the Weekend: Commercial Real Estate Lending on Verge of All-Time Peak http://t.co/ffSJuYOgWw pic.twitter.com/aFfB2p24nL — Mark Brian (@markbrian) October 10, 2015
Apparently, the Miami Seahawks were a professional American football team. Based in Miami, Florida, they played in the All-America Football Conference in 1946, the league’s inaugural season. They subsequently folded under mounting debt. They are notable not only as the first major league sports franchise in Miami but also as the state of Florida’s first […]
Days to sell commercial improved property in Miami-Dade, where recorded in MLS, dropped in September as it dipped from an already low 104 to under 100. This is not as low as the 79 level reached years prior, or the 83 days reached this past June, but nevertheless remains near the low for the past […]
