Although there are significantly less lease deals taking place, South Florida’s office market is on a stronger footing than it was prior to the pandemic, a lead broker with JLL said. "We are at about a 20% slower rate of…
The pandemic-triggered surge in e-commerce significantly increased demand for industrial real estate, according to the latest CommercialEdge industrial report. Even though e-commerce sales have seen a 74 percent boost since early 2021, a substantial portion of this sudden increase occurred…
In today’s higher interest rate costs, for the first time in many years, there’s a condition where the financing alternative of sale-leaseback is superior to the borrowing options that a company might have, according to Alan Pontius at Marcus &…
A new report from global commercial real estate company CBRE (CBRE) found that CBRE-originated commercial loan closings in the U.S. declined only 3 percent between the second quarter and the third quarter of 2023. However, while the lending spread is tightening, those…
The self-storage sector has been overlooked nationwide, but especially in Florida. While conditions have cooled from peak demand, migration to the state and new apartment construction continue to make self-storage a desirable, and attainable, asset class for investors. Florida was…
Effective December 1, 2023, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.5% to 4.5% for payments received for occupancy periods beginning on or after December 1,…
Elias Patsalos from Agora Real Estate Group in close collaboration with Wayne Ramoski of Cushman & Wakefield represented their logistics client in subleasing approximately 51,510 square feet within the Prologis Miami International Tradeport Industrial Park in Medley. For further inquiries,…
Prologis reported slightly dented third-quarter earnings Tuesday following several quarters of strong returns, an indicator of the impact rising interest rates and a gushing pipeline of new supply have had on the industrial real estate market. Still, the global REIT beat analyst…
It’s Boom Time in South Florida In downtown Miami, ground is being cleared for Florida’s tallest office tower, with 1.5 million square feet to be filled by firms that have yet to establish a presence in the state. Condo towers…
Doral, FL. – The City of Doral new budget for fiscal year 2023-2024 (FY23-24), beginning on October 1, 2023, has been adopted with a millage rate of 1.17166. This remains the lowest millage rate* in Miami-Dade County. The approved, balanced budget…
