Many commercial real estate professionals and tenants have difficulty understanding how space footage is measured for the purpose of commercial rental space. This is an important concept to understand because you do not want to agree to lease a property that does not have adequate usable space for your purposes. Commercial square footage falls into […]
In this classic film clip, Rodney Dangerfield takes issue with the professor’s projected construction costs. Those involved in commercial real estate development may find this less humorous.
The National Association of Realtors® has published its Commercial Lending Trends Survey for 2015. Highlights of the survey include: Commercial vacancy rates declined for core property types. Availability is anticipated to continue contracting for retail, office, and industrial properties in 2015 and beyond. Vacancies for apartments are estimated to rise due to supply increases. Commercial rents […]
The capitalization rate, commonly referred to as the cap rate, is the ratio of Net Operating Income (NOI) to a property’s value. For example, a property listed for $2,000,000 that generated an NOI of $140,000 would be offered at a cap rate of 7%. Regretfully, there is considerable variance in how this is represented. Many […]
Starbucks may have come along at just the right time. More on that in a bit. The futurist author John Naisbitt is perhaps best known for his 1982 bestselling book Megatrends. In this book, Naisbitt identified a set of trends, really predictions about society, with most if not all driven by technological advances following […]
Opening testimony from federalreserve.gov Chair Janet L. Yellen Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. February 24, 2015 Chair Yellen submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on February 25, 2015. Chairman Shelby, Ranking Member Brown, […]
In this video, Charles Bohl, Associate Professor and Director for the Graduate Program in Real Estate Development and Urbanism at the University of Miami School of Architecture, moderates a discussion between Avra Jain, Chairman and Founder of The Vagabond Group. Jodie W. McLean, President and Chief Investment Officer of EDENS, and Vincent Signorello, President and CEO of Florida […]
Chart (from Credit Suisse): US commercial real estate transaction volume by quarter – pic.twitter.com/zD5FvgTzJP — (((The Daily Shot))) (@SoberLook) February 13, 2015
This promotional video for Miami World Center is a must see for anyone involved in commercial real estate in Miami, if not anyone interested in Miami. MWC, immediately north of the Central Business District in downtown Miami, and one of the largest urban developments in the United States, is a combination of retail, hospitality and residential […]
We found this video that discusses past and pending commercial developments in Miami. In addition to being simply interesting, it has some great shots of the Miami skyline. It discusses One Biscayne, the largest condo ever built on the bay, Landmark Towers, and the Four Seasons Tower as recent developments.. It then moves on to […]
Toward the end of 2014, Realtor.com® reported that Miami was the second most searched U.S. city, behind Los Angeles, by non U.S. based consumers. Interesting, Fort Lauderdale, which also consistently ranks in the top ten most searched U.S. cities, is considered separately, indicating South Florida may be the most searched area, for real estate by […]
The National Associations of Realtors has released their 2015 commercial real estate outlook report, Scaling New Heights – Commercial Real Estate Expectations and Market Realities in Real Estate 2015. As 2015 moves along, numbers of investors are increasingly optimistic versus prior years. Growth in the economy has been increasing, job growth has been improving, and consumers have been […]
Click here to view the complete Miami DDA Master Plan. The Miami Downtown Development Authority (DDA) is a quasi-independent public agency of the City of Miami which ischarged with making Downtown Miami the most livable urban center in the USA and with strengthening its position as the Epicenter of the Americas, to make it ever more an international […]
Click here to view the executive summary of the Miami DDA (Downtown Development Authority) Master Plan. The Miami DDA Master Plan includes the objectives such as building a convention/conference, growing and attracting business and key retailers, attracting international institutions, and more. Although most relevant to real estate in Downtown Miami and Brickell area, it has […]
The U.S. Treasury yield curve ended 2014 relatively unchanged from a year prior in the 5-year and shorter maturities, with rates lower in longer maturities, more than 100 basis points for 20 years and longer. This can be seen clearly in the accompanying “U.S. Treasury Yield Curve December 31, 2014 vs. December 31, 2013” […]
Bob O’Brien, U.S. and Global Real Estate Leader with Deloitte, discusses with commercial broker and host Michael Bull his firms “2015 Commercial Real Estate Industry Outlook” report.
