In this chart one can see that the T3 group of Miami 21 urban commercial zones, which includes T3-L, T3-R, and T3-O, is the most common zoning, followed by T6-8, then T5, and T4, whichT6-60 is the least common, followed by the most dense T6-80. If one looks at the same set of parcels, but […]
Over the years, I’ve found myself stunned whenever I looked at the drastically low appraisal value versus market value of certain properties with an agriculture use where the highest and best use is clearly something non-agricultural. Just recently, I ran across an article in The Atlantic that addressed this; America’s Dumbest Tax Loophole: The Florida […]
In the chart herein, readers can see that at the less dense end of Miami 21 commercial urban zones large amounts of land are currently being used as single family, thus clearly not (yet) as commercial. More than 85% of T3-R land is not commercial, while the more liberally zoned T3-O (“O” for open, allows […]
As one can see in these charts, the 5-year TIPS spread continues to sit around the 2.5% range, closing at 2.46% on June 29th, the last trading day of the month. Eyeballing this chart, if one calls the pre-pandemic level 1.75%, which is debatable (thus the “ish” in the title), then the TIPS spread, and […]
The chart herein displays the sales price to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in the state of Florida priced from $1 million to $10 million that closed from January 2011 to June 2021. This ratio has spiked up to 95.5%, […]
This chart illustrate the quantify of closed sales of commercial properties in Miami-Dade county, including both improved commercial property and vacant commercial land, that were booked in the Miami MLS for the two years ending June 2021. The number for last month, June 2021, remained elevated as sales have remained strong post-pandemic. It is not […]
The question comes up as to how frequent a commercial property trades in the Miami area. Many take a guess at this, but which I’ve never heard of anyone else really making an effort to truly quantify it. I’ve taken a swing at it here. The Methodology The value of what trades as a percentage […]
The chart in this post displays the sales price to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida for such properties priced from $1 million to $10 million that closed from January 2011 to May 2021. This ratio moved up a […]
The above chart shows the number of closed sales of Miami-Dade commercial properties, including both improved commercial property and vacant commercial land, that were booked in the Miami MLS for the two years ending May 2021. Last month, May 2021, was the second highest month over the prior two years, though still off somewhat from […]
Florida Power and Light (FPL) recently reached out to me to inquire as to who I might know that could be interested in having FPL install a few electric vehicle (EV) fast charging stations at no cost. FPL will provide the EV chargers and cover the installation and maintenance. There also note that there would […]
Above is the chart for the 5-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending May 31, 2021.A calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity, this spread is a useful and […]
The chart above shows the sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million from January 2011 to April 2021. This ratio trailed off in April to 91.6%, appearing to be more or […]
Put me down as surprised, even skeptical. Per the St. Louis Fed, for the first time since 1993 the population shrunk year over year, from 2,711,612 in 2019 to 2,707,303 in 2020. Who knew? This also follows negligible growth in the prior two years. You wouldn’t know it in downtown Miami or in any of […]
The chart above displays the number of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, that were recorded in the Miami MLS for the two years ending April 2021. Last month, April 2021, was off somewhat from the prior month’s blistering pace, but was nonetheless in the upper end […]
Above are charts for the 5-Year and 10-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending April 30, 2021. This is a calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity. It is […]
Millage Rates in Miami-Dade County by Municipality Below here millage rates, which are used to calculate property tax, are listed in alphabetical order by municipality for the various municipalities within Miami-Dade County. These are also show in graph form above, sorted from high to low, with Biscayne Park having the highest millage rate. This highest […]
