Annual rent gains for logistics space in the first quarter of 2023 totaled over 19% for both Fort Lauderdale and Miami, the highest across all markets tracked by CoStar. Tight vacancy rates for logistics space of 3.8% and 1.8%, respectively,…
Miami-Dade County welcomed more than 26.5 million visitors last year, generating over $20.8 billion, an increase of 8% in tourism revenue over 2021. The Greater Miami Convention and Visitors Bureau stated in its 2022 Visitors Industry Overview report that a…
One sector of Miami’s commercial real estate had a busy year in 2022, as spending on self-storage space surged to $110 million. That’s according to StorageCafe's most recent industry sales report in which analysts gauged the state of the sales…
A fresh report from the Bureau of Labor Statistics reveals a surprising shift: Florida, often associated with retirees and the elderly, has recently overtaken New York in terms of job numbers — a first since these statistics began to be…
The quarter-point hike puts the benchmark rate at 5.1%, the highest in 16 years. But amid bank turmoil, the Fed also signaled future hikes could be put on hold. WASHINGTON (AP) – The Federal Reserve reinforced its fight against high…
While many may consider Miami as a destination to vacation, as opposed to a place to live, the city’s sprawling economy and mayor’s contemporary leadership has now put South Florida on the map as a global family and financial hotspot. Miami Mayor Francis…
Planners who had been spotlighting transit passenger solutions to Miami-Dade’s road congestion are suddenly shifting their focus to freight, but with the same objective. For years commissioners looked to dormant freight rail lines to carry passenger transit but had no…
The international purveyor of self-assembled furniture and Swedish meatballs is printing out instructions for a growth spurt in the U.S. over the next three years. Ikea plans to spend $2.2B over the next three years opening eight new home furnishings…
Washington, DC (CNN) — Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing population, robust tourism activity and increased business investment. Miami had the lowest unemployment rate of…
Financial services giant Wells Fargo, in reporting its first-quarter 2023 earnings, said that it added $643M during the quarter to its reserves to cover potential loan losses. Specifically, the bank said the total reflected an increase in reserves for commercial…
