In the seven days to July 21, 2015, MLS counts 66 new listings for improved commercial/industrial properties within Miami-Dade County, down nearly a third from 95 new listings in the week ending July 13th. Notable among the listings is a fully equipped restaurant and bar on North Miami Avenue for $10.5 million. Other indicators during this […]
The National Association of Realtors® has released its Like-Kind Exchange Survey for 2015. For a significant portion of real estate market participants, like-kind exchanges, commonly referred to as 1031 exchanges, provide an important vehicle to dispose and acquire property. Sixty-three percent of REALTORS® participated in a like-kind exchange transaction during 2011-14. Like-kind exchanges accounted for […]
This technology is very cool, and is changing the possibilities for commercial development. This video, a promo from the company itself, significantly highlights Brickell House in Miami and the additional square footage of development this technology allowed.
Get out your wallet. Property Appraiser Pedro J. Garcia has announced the July 1 Preliminary Certification of Taxable Values to Miami-Dade County area taxing authorities . “For the first time since 2007, every municipality in Miami-Dade County has seen a value increase. This growth has been steady with the coastal communities leading the way,” said […]
Chair Janet L. Yellen Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. July 15, 2015 Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks today, […]
In the seven days to July 13, 2015, MLS counts 28 new listings for commercial/business/agricultural land, up rather significantly from from the prior week ending July 6th, which saw 15 new listings of this type. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and […]
New Miami-Dade County commercial property listings on MLS reached one of the highest levels in the past 5 years. The 423 new listings level has only been surpassed a half dozen times in the last 5 1/2 years, and even then by a small margin. Additionally, this level, in the upper end of a […]
In the seven days to July 13, 2015, MLS counts 95 new listings for improved commercial/industrial properties within Miami-Dade County, exactly the same, rather coincidentally, as in the prior week ending July 6th. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These […]
At the end of the 2nd quarter of 2015, U.S. Treasury yields, on a nominal basis, were largely unchanged in the shortest maturities versus the quarter prior, but higher as maturities lengthened, about 50 basis points higher on 30-year maturities, but only about 30 basis points higher on the more relevant (to commercial real estate) 10-year […]
After dipping to a 3 month low of 2,914, the number of active commercial (improved) listings in Miami-Dade County MLS spiked up to 2,980 in June, the highest level since November of 2014. This is still fairly short of the 5-year peak of 3,500 reached in October 2012, but represents the upper end of a […]
In the seven days to July 6, 2015, MLS counts 15 new listings for commercial/business/agricultural land, down from from the prior week ending June 29th, which saw 20 new listings of this type. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These are […]
About a month ago, we reached out to a couple of our favorite banking contacts to get some current guidelines for financing of Miami area commercial properties. The near zero short term interest rate environment we have enjoyed since the end of 2008, as evidenced by the “Code Blue” chart pattern at right of the Federal […]
In the seven days to July 6, 2015, MLS counts 95 new listings for improved commercial/industrial properties within Miami-Dade County, down from 127 in the prior week ending June 29th. Other indicators during this period that commercial real estate investors may wish to review are trends in commercial real estate prices and availability. These are influenced by […]
Since this video was posted in 2012, a lot has happened in Little Havana, and for that matter Miami overall, related to commercial real estate. These changes are evidenced in the changing demographic and economic data for Little Havana zip codes 33125, 33128, 33130, and 33135, and in the ever higher prices for commercial property […]
