Tagged: industrial space demand

Impact Of Rising Interest Rates Mixed On Commercial Real Estate

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A period of record growth was fueled by inbound migration, strong consumer spending and record low interest rates — all of which drove billions of dollars invested in the development of millions of square feet of commercial real estate. Much of this was brought on by the pandemic. Now, the pandemic has subsided and the South Florida CRE market has come to a moment of reckoning. Or has it? CLICK ON THE HEADLINE FOR MORE

South Florida Construction Starts Soared 43% In 2021

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There were $14.1 billion in construction starts in South Florida in 2021, up from $9.85 billion the year before. That is much faster than the national growth of 12% in construction starts. CLICK ON THE HEADLINE FOR MORE

CRE’s Growth Forecast For 2022

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According to the National Association of Realtors, commercial real estate is expected to strengthen in 2022, especially in industrial and multifamily. Bottom line: CRE’s underlying demand fundamentals should more than mitigate the impact of the slightly higher interest rates in the new year. CLICK ON THE HEADLINE FOR MORE

Three Mega-Trends Shaping Real Estate

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Law firm Akerman LLP’s annual report on CRE sees the greatest near-term impact on development coming from the aging US population and two other trends that are already forming. CLICK ON THE HEADLINE FOR MORE

Beware: Construction Costs Rising Rapidly

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Brian Sudduth, a senior vice president of Miller Construction Company, expect owners and developers will see a continual upward trend in construction costs—but that’s not all he’s predicting. CLICK ON THE HEADLINE FOR MORE