When evaluating the financials of properties there are a couple of important ratios for you to consider, and one you will likely want to know for your bank. Cap Rate: The cap rate, calculated by dividing NOI (net operating income) into the price, is somewhat like an interest rate for a CD or yield on a […]
The number of new commercial land MLS listings in Miami-Dade County edged hit a 5 year high in September of about 120 versus just under 100 in the prior month. As can be seen in the accompanying chart, this new high further extends a general upward trend in this metric over the past 5 years and […]
The number of new commercial improved property listings in September dipped a bit from the prior month to around 320, as can be seen in the accompanying chart This level, however, remains fairly consistent with a general upward trend in this metric, as levels of such new listings have steadily risen from just over 200 […]
Experts involved IASB and FASB lease accounting changes join host Michael to share how recent changes might impact one’s business. Will some companies negotiate for shorter leases? What is the impact on company balance sheets and valuations? What impact will there be on lease versus purchase decisions? What is the actual process to capitalize a […]
In the week to September 21, 2015, MLS counts 29 new listings for commercial/business/agricultural/ industrial land, up from 20 in the prior week ending September 21st. Notable among this week’s listings is a 35,300 sf lot in the Arts & Entertainment District with an asking price of $12,355,000. Seventeen commercial land (commercial, business, agricultural, industrial land) already listed had […]
In this video from 2014, a panel consisting of Avra Jain of the the Vagabond Group, Jodi McLean of Edens, and Vincent Signorello of Florida East Coast Industries discuss South Florida commercial real estate.
New listings for commercial/ business/ agricultural/ industrial/ land dipped from 97 in the prior month to 89 in August. This level remains, however, elevated relative to levels in prior periods, as can be seen in the accompanying chart. It is considerably higher than recent dips to the mid 60s in recent months, and is higher […]
In the seven days to September 28, 2015, MLS shows 69 new listings for improved commercial/industrial properties within Miami-Dade County, down somewhat from 90 in the prior week ending September 21st. Notable among the listings is the former Parkway Medical Center, an 11 story vacant building in Miami Gardens with an asking price of $7 million. […]
The closing price to listing price ratio for commercial/ business/ agricultural/ industrial land, for those transactions recorded in MLS, edged down in August to 85.5% from 88.8% in the prior month and 93.5% in the month before that. Considered over a longer period, this ratio falls more in the middle of a range since early […]
The number of new commercial improved property listings in August dipped a bit from the prior month to 367 (from 373). This level, however, remains consistent with a general upward trend in this metric, as such new listings have steadily risen from just over 200 monthly in early 2010 to around 300 a couple of […]
In the week to September 21, 2015, MLS counts a 20 new listings for commercial/business/agricultural/ industrial land, a low number, but up slightly from the prior week ending September 14th which had a rather paltry 16 new such listings. Notable among this week’s listings is a set of 3 adjacent lots on NE 34th Street with T6-36 zoning and […]
Days to sell commercial improved property in Miami-Dade, where recorded in MLS, remained low in August as it dipped from an already low 110 to 104. This is not as low as the 79 level reached years prior, or the 83 days reached this past June, but nevertheless remains around a low “more or less 100 […]
In the seven days to September 21, 2015, MLS shows 90 new listings for improved commercial/industrial properties within Miami-Dade County, up a bit from 83 the prior week ending September 14th. Notable among the listings is Miami Design District trophy property with an asking price of $11 million. In addition to the 90 new improved commercial […]
Total listings of improved commercial property and commercial/ business/ agricultural/ industrial land in Miami-Dade County (MLS) held steady in August at 3,786 versus 3,779 in each of the prior 2 months. As can be seen in the accompanying chart, this remains well short of the peak of 4,356 reached in october 2012, and is up […]
The closing price to list price for improved commercial property in Miami-Dade County on MLS remained strong at 96.2% in August. As can be seen in the accompanying chart, this is near the high of 96.9% for the past 5 years plus, a level that was reached two months prior. This positive metric is in […]
In the week to September 14, 2015, MLS counts a mere 16 new listings for commercial/business/agricultural land, which is down considerably from the week ending September 7th which had 41 new such listings. Worth highlighting among these is a listing in Wynwood with just over 20,000 square feet of land with an asking price approaching $10 million. Other indicators during this […]
