The chart above shows the sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million from January 2011 to April 2021. This ratio trailed off in April to 91.6%, appearing to be more or […]
Put me down as surprised, even skeptical. Per the St. Louis Fed, for the first time since 1993 the population shrunk year over year, from 2,711,612 in 2019 to 2,707,303 in 2020. Who knew? This also follows negligible growth in the prior two years. You wouldn’t know it in downtown Miami or in any of […]
The chart above displays the number of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, that were recorded in the Miami MLS for the two years ending April 2021. Last month, April 2021, was off somewhat from the prior month’s blistering pace, but was nonetheless in the upper end […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million in March came up a bit to 93% from 89.5% the month prior. Though off of highs in the past 10 years, this […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million in February drifted lower to 90.3% from 94.1% the month prior. Though the lowest it has been since September of 2020, this percentage […]
Integra Realty Resources CEO Anthony Graziano discusses his firms Viewpoint 2021 report. In this second video, he discusses how industrial property performed during the pandemic, how changes in policy with a new presidential administration may affect industrial assets. He then goes on to discuss multifamily property performance during the pandemic and their status now. From […]
The Biden administration recently announced an initiative to push the United States toward more electric vehicles, less powered by gasoline. Automotive News covered this in their article suggesting this push gives Detroit the cover they’ve needed and wanted to go electric. This begs a question pertinent to commercial real estate; if there are less gas […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate (MLS classification: commercial/industrial) within Miami-Dade county in Florida priced from $1 million to $10 million in January hit 95.1%, the highest level in 16 months. The last time this ratio was higher was September 2019 when the ratio […]
The chart herein shows the number of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, recorded in the Miami MLS, for the two years ending January 2021. One can see that this is the slowest month since the initial onslaught of COVID-19 in April and May of 2021. Looking […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million in December was 91.50%, just above the 10 year average of 91.04%. Coincidentally December’s 91.40% ratio is exactly, to the fourth decimal point (2nd of a percentage, thus the […]
The chart above displays the trailing two years ending December 2020 of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, recorded in the Miami MLS. After a bit of a pullback in November, sales rebounded to closed out the year fairly strong, registering the sixth strongest month of the […]
As readers can see in the chart above of the trailing two years of closed sales of Miami-Dade commercial property, both improved commercial property (with buildings) and vacant commercial land, recorded in the Miami MLS. November 2020 pulled back a bit from prior strong months to around an average for the year. The Miami Multiple […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million edged up in November to 93%, the highest level since the 94.5% ration in March of the same year. after a dip in September. This puts this ratio in […]
The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million firmed back up in October to just over 90% after a dip in September. This put the ratio within but in the lower end of a 5% band it […]
As can be seen in the chart above of the trailing two years of closed sales of Miami-Dade commercial property, both improved commercial property (with buildings) and vacant commercial land, recorded in the Miami MLS. October 2020 was again a strong month in line with recent, also strong, months. The Miami Multiple Listing Service (MLS) […]
The sales to list price ratio as reported by the Miami MLS for improved commercial property in Miami-Dade County from $1 million to $10 million dipped in September. September’s recorded ratio of 86.3% is the lowest level recorded since February 2015’s 84.9% number. This follows a dip two months prior that, though a slightly better […]
