Blog

Q3 Market Update | Retail Space

The retail segment is undergoing large shifts as e-commerce emerges. Malls and large department stores are experiencing most changes as consumers change spending habits. Retail facilities in urban and mixed-use settings continue to experience traffic and remain resistant to change. The strengthening...

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Q3 Market Update | Office Space

The office segment is in different cycles in South Florida’s markets. Miami experiences softening demand, with declining lease rates and increasing vacancies.  Broward’s and Palm Beach’s office market, however, is favorable with strong job growth and limited supply. Click below to view the full...

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Q3 Market Update | Industrial Segment

The industrial segment in Florida remains a hotbed of activity with vacancy rates below 4% and rising lease rates. The emerging e-commerce sector has become a driving force behind the expansion of the industrial segment, which is fueling demand for regional warehouse-distribution center and modern storage...

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Q3 Market Update | Apartment Buildings

The apartment construction boom in South Florida remains unbroken, as substantial amounts of inventory are under development. Slowing rent growths and vacancy declines indicate that the market is entering a state of maturity. High construction costs and the fear of overbuilding make it difficult for...

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South Florida Multifamily | Q2 Update

Miami-Dade The Miami-Dade apartment market is comprised of 124,716 units ranging in size from the 17,328-unit South Miami Beach Bayshore submarket to the Kendall West submarket, which accounts for 4,416 units. In the last ten years, the Miami submarket has experienced the greatest introduction of new...

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South Florida Industrial | Q2 Update

Miami-Dade The Miami-Dade Industrial market is comprised of 199 million square-foot of inventory ranging in size from the 78.8 million square-foot Miami Airport submarket to the 229,685 square-foot Outlying Miami-Dade submarket. The average quoted asking rental rate for available Industrial space was...

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South Florida Retail | Q2 Update

Miami-Dade The Miami-Dade retail market is comprised of 120 million square-foot ranging in size from the 7.8 million square-foot Coral Gables/Kendall/Richmond submarket. In the last ten years, the West Dade submarket has experienced the greatest introduction of new inventory, 556,000 square-foot, amounting...

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South Florida Office | Q2 Update

Miami-Dade The Miami-Dade office market is comprised of 103 million square-foot of inventory ranging in size from the 18.1 million square-foot Miami Airport submarket to the Outlying Miami-Dade submarket, which accounts for 172,432 square-foot. Over the course of the past 10 years, the Brickell submarket...

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