The Commercial Agent

06/08/2022

New Listing Alert! Excellent office space in the area next to Miami International Airport. For more information please reach me at 305.741.2383.

06/04/2021

Is this the beginning of our roaring 20's?

Inflation Jumps as Expenditures Tick Up

06/04/2021

Huge e-commerce retailer moving headquarters to south Florida. Positive impact for the local economy.

The company is in the market for 221,597 square feet to house "all C-suite” executives and 500 new employees, reportedly in Plantation, Fla.

06/04/2021

Going to look into this. Did not know there were opportunities popping up in rail estate.

Brightline service has been suspended for more than a year, but it hasn't derailed real estate investment near its South Florida stations.

06/04/2021

Market Update Alert:

Commercial Real Estate prices are up 18% year over year, from last year.

Transactions in 2021 Are up 18% Over Last Year, According to CoStar Data

06/04/2021

Major cryptocurrency conference this weekend in Wynwood. Miami is looking more and more like a tech hub. Even the Mayor of the City of Miami, Francis Suarez will be giving a keynote. As Miami moves more and more in this direction this will have a transformative effect on the local economy and standards of living. By extension, it will impact housing and commercial real estate, by increasing values. Let's see where this new direction takes us.

Miami is hosting the city’s biggest in-person event since COVID began, with the Bitcoin 2021 conference taking place in Wynwood.

02/28/2021

01/28/2021

Continued retail closures amid the ongoing coronavirus pandemic has led to the third consecutive quarter of negative net absorption in South Florida, and vacancies have hit a five-year high at nearly 5%.

Leasing volume has picked up significantly in the region in the fourth quarter, but it was not enough to push annual volume to pre-pandemic levels. About 7 million square feet was leased in the South Florida retail market last year, down about 1 million square feet from the annual average over the previous five years.

This increase in leasing, coupled with a decline in new development, could help keep vacancies in check in the coming year. Construction started on less than 1 million square feet of retail space in 2020 for the first time in at least 15 years.

Annual rent growth fell further in the third quarter but remained positive. The region continues to outpace the national average, with annual retail rent growth now negative. Rent growth has varied across the tri-county region, with Palm Beach County posting some of the strongest in the nation while rents fell in Broward County. In Miami-Dade, rents stayed flat year over year.

Annual sales volume in the retail sector fell to a nine-year low in South Florida, coming in below $2 billion for 2020, with no single quarter posting volume over the region’s 10-year quarterly average of about $700 million. But there have already been a few large deals in January, a sign that increased sales activity could be in the cards for 2021.

Trend Bodes Well for 2021, Despite Negative Net Absorption for Three Consecutive Quarters

12/21/2020

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8.93 million people have moved since the pandemic started. Here’s a look at what states saw the highest migration gains. https://www.nar.realtor/blogs/economists-outlook/8-9-million-people-relocated-since-the-beginning-of-the-pandemic

10/09/2020

The future looks bright

The reaction by a handful of Keller Williams team leaders came a day after the company announced it would create a holding company, KWx, of which Gary Keller would serve as executive chairman while stepping down as chief executive of Keller Williams Realty