Tagged: vacancy rates


South Florida CRE Out Performing Other Markets Entering 2023


Although other major CRE markets in the U.S. are struggling with rising inflation and interest rates, South Florida’s industrial, office and retail sectors are holding steady thanks to low vacancy rates, rising average asking rents and bountiful sales volume. CLICK ON THE HEADLINE FOR MORE

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The Simple Reason CRE Is Outperforming Against All Odds


CRE is outperforming, seemingly against all odds. After all, the US economy has yet to fully recover from the global health crisis. And although the outlook for a year-plus is “a little murky,”, momentum is favorable. CLICK ON THE HEADLINE FOR MORE

Office Space Construction In Miami-Dade Reaches A 10-Year High


According to the third quarter JLL 2019 Office Insight report, Miami-Dade had 1,816,666 square feet of Class A and Class B office space under construction in the third quarter of 2019—the biggest boom in office construction since 2009, when the market had 1.9 million square feet of projects in the pipeline. CLICK ON THE HEADLINE FOR MORE

Rising Apartment Rents Raising Concern


With little new construction of apartments during the recession and increased demand, vacancy rates in all three South Florida counties are less than 4 percent. CLICK ON THE HEADLINE FOR MORE

South Florida’s Office Vacancy Falls To 13.2%


Some of the most notable move-ins of 2013 include Miami Herald Media Company moving into 158,266 square feet at 3511 NW 91st Ave. and OneBlood, Inc. moving into 75,000 square feet at 3000 W Cypress Road. CLICK ON THE HEADLINE FOR MORE