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 […]
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 […]
Walter Page, Director of Research for Costar Group, joins host Michael Bull to discuss the office market.
Walter Page, Director of Research at the CoStar Group, joins host Michael Bull to discuss the current state of the office Investment market.
The National Association of Realtors® has posted the slideshow Economic and Commercial Real Estate Outlook, embedded below. These slides are from a presentation given by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum at the Realtors® Conference & Expo that was held in San Diego on November 13, 2015. This presentation covers […]
The median number of days to sell commercial/ business/ agricultural/ industrial land dropped to a near term low in September and is firmly in the low end of a range of the past few years, as can be see in the accompanying chart. This favorable metric is in line with generally favorable trends in area commercial […]
The National Association of Realtors has released its 2015 Q4 Commercial Real Estate Outlook report, offering overall projections for the four major commercial property sectors, office, industrial, retail, and multifamily, and analyzing quarterly data for the same. Highlights of this report include: Continued positive pace for demand for commercial leases in the third quarter of […]
Days to sell commercial improved property in Miami-Dade, where recorded in MLS, dropped in September as it dipped from an already low 104 to under 100. This is not as low as the 79 level reached years prior, or the 83 days reached this past June, but nevertheless remains near the low for the past […]
The number of new commercial land MLS listings in Miami-Dade County edged hit a 5 year high in September of about 120 versus just under 100 in the prior month. As can be seen in the accompanying chart, this new high further extends a general upward trend in this metric over the past 5 years and […]
Unity on the Bay Church in Miami’s Edgewater asks $40M for sale by Oct 21 With high-rise residential sprouting all around it, the Unity on the Bay Church in Miami’s Edgewater neighborhood hopes to land a buyer in the coming weeks. NGKF Capital Markets brokers Michael Lapointe, Adam Greenberg and Michael Lohmann sent out a […]
The number of new commercial improved property listings in September dipped a bit from the prior month to around 320, as can be seen in the accompanying chart This level, however, remains fairly consistent with a general upward trend in this metric, as levels of such new listings have steadily risen from just over 200 […]
In the week to September 21, 2015, MLS counts 29 new listings for commercial/business/agricultural/ industrial land, up from 20 in the prior week ending September 21st. Notable among this week’s listings is a 35,300 sf lot in the Arts & Entertainment District with an asking price of $12,355,000. Seventeen commercial land (commercial, business, agricultural, industrial land) already listed had […]
New listings for commercial/ business/ agricultural/ industrial/ land dipped from 97 in the prior month to 89 in August. This level remains, however, elevated relative to levels in prior periods, as can be seen in the accompanying chart. It is considerably higher than recent dips to the mid 60s in recent months, and is higher […]
In the seven days to September 28, 2015, MLS shows 69 new listings for improved commercial/industrial properties within Miami-Dade County, down somewhat from 90 in the prior week ending September 21st. Notable among the listings is the former Parkway Medical Center, an 11 story vacant building in Miami Gardens with an asking price of $7 million. […]
The closing price to listing price ratio for commercial/ business/ agricultural/ industrial land, for those transactions recorded in MLS, edged down in August to 85.5% from 88.8% in the prior month and 93.5% in the month before that. Considered over a longer period, this ratio falls more in the middle of a range since early […]
The number of new commercial improved property listings in August dipped a bit from the prior month to 367 (from 373). This level, however, remains consistent with a general upward trend in this metric, as such new listings have steadily risen from just over 200 monthly in early 2010 to around 300 a couple of […]
