Category: Analysis

Mid-Market Miami-Dade Retail Properties Cap Rate Dips ~ Presumably Due to Embedded Rent Increases; Top Buyers, Sellers

Feb 17, 2016 - Analysis - 0 Comments - Standard

The capitalization rate (cap rate) for mid-market retail properties in Miami-Dade County (5,000 to 15,000 square feet) drifted to under 4% in the most recent period reported by Costar.  As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a 6.5% or so midpoint. […]

Commercial Real Estate Loan Totals Soar Ever Higher

Feb 15, 2016 - Analysis - 0 Comments - Standard

As can be seen in the accompanying chart (Commercial Real Estate Loans, All Commercial Banks June 1, 2004 to November 1, 2015), the total of commercial real estate loans for all commercial banks has hit a new high for the periods available at the Federal Reserve Bank economic research pages.

Mid-Market Miami-Dade Multifamily Cap Rate Drifts Under 7%

Feb 03, 2016 - Analysis - 0 Comments - Standard

The capitalization rate (cap rate) for mid-market multifamily properties in Miami-Dade County (20 to 80 units, 1,448 properties) drifted to just under 7% in the most recent period reported by Costar.  As can be seen in the attached chart, cap rates have been relatively consistent over the years, generally moving up and down around a […]

January 2016 Greater Downtown Miami Study of Retail Market Conditions Report Published

Feb 02, 2016 - Analysis - 0 Comments - Standard

The Miami Downtown Development Authority has published a January 2016 Study of Retail Market Conditions.  Highlights include: About 1.425 million square feet of retail are planned or under construction, most within Brickell City Centre. Downtown Miami contains about 6.5 million square feet of retail, with rents varying widely from the high teens to more than […]

Cap Rate for Miami-Dade Retail Property Remains Just Under 6%

Jan 27, 2016 - Analysis - 0 Comments - Standard

The capitalization rate (cap rate) for retail properties in Miami-Dade County that are 5,000 square feet or larger (4,855 properties), as reported by Costar, remained under 6% in the most recent period, as can be seen in the accompanying chart.  This represents a significant decline from five years prior, when cap rates for such retail […]

Upcoming February 4th Webinar: Real Estate Expectations And Market Realities 2016

Jan 22, 2016 - Analysis - 0 Comments - Standard

The National Association of REALTORS (NAR) together with Deloitte and Situs RERC will once soon release an annual commercial real estate market outlook for the year. The report, Expectations And Market Realities 2016, will assemble a wealth of research and data from a large set of data providers, respondents to surveys, economists, analysts, reviewers, business associates and colleagues. Related […]

Miami-Dade Unemployment Rate Furthers its Decline

Jan 22, 2016 - Analysis - 0 Comments - Standard

The unemployment rate in Miami-Dade County As can be appreciated in the accompanying chart (Unemployment Rate in Miami-Dade County, FL November 1, 2005 to November 1, 2015), this rate has not been significantly lower since 2008, and is about half the peak level reached around 2010. This low unemployment level bodes well for commercial real […]

Interest Rates 2015: U.S. Treasury Yield Curve Slightly Higher vs. Year Prior

Jan 15, 2016 - Analysis - 0 Comments - Standard

The U.S. Treasury yield curve has shifted up slightly in the past year, as can be seen in the accompanying chart.  Rates, albeit still low, are about 25 to 50 basis points higher at every maturity versus their level about a year ago. The consensus among prognosticators of late has been that rates will edge […]

Keyes Commercial Leads Full Year 2015 Miami-Dade MLS Ranking

Jan 06, 2016 - Analysis - 0 Comments - Standard

In the  twelve months ending December 31, 2015, Keyes Commercial Realty dominated the Miami MLS market share rankings by number of sales transactions of commercial improved properties within Miami-Dade County.  The firm’s impressive 30.1% market share among the top 10 brokers of such properties was more than 2 1/2 times that of its nearest competitor and greater than the […]

Miami Downtown Development Authority Releases Summer Residential Market Research

Dec 08, 2015 - Analysis - 0 Comments - Standard

The Miami DDA has released it summer residential market research report.  Some key points include: Nearly 90 percent of the new residential units built duirng this cycle have been absorbed, which has fueled rising prices for condos as well as rental rate increases for apartments Pricing for existing condos is up nearly 7% Rental rates for conventional […]

Pardon the Math: Investing in Condos vs. Multifamily Properties

Dec 03, 2015 - Analysis - 0 Comments - Standard

The returns than investors in individual condo units will settle for never cease to surprise me.  It makes some sense to settle for less return, somewhat less, as investing in a condo is easier and more hassle free.  Also, there is a “strength in numbers,” “standardization of value” aspect to it, with properties selling for more […]