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South Florida Commercial Real Estate Blog

Latin America Influencing Miami’s Economic Outlo...

The International Monetary Fund recently predicted that growth in Latin America will be negative in 2016. This will be the second straight year of losses in the region. With many industries in Miami intertwined with Latin American business and economics, the negative effects are being felt locally. Tourism, retail, trade, and banking are seeing decreases in activity due to the foreign economic plights. Visitors …

Real EstateMar 02, 2016121 Continue Reading

Where is interest in Miami Real Estate coming from?

Miami has long been an international market. The city is impacted by a multitude of cultures, but Latin influence prevails. The same has been continuously true for the commercial real estate market. Foreign investment in the market been strong for some time, with South American interest dominating. A barometer of foreign interest in Miami’s real estate market has been internet searches originating from home …

Market Spotlight: North Beach Miami Development

North Beach Miami is a largely undeveloped area which stretches from 63rd Street to 87th Street, and westward from the ocean to the bay. The buildings feature flat roofs, acute angles and curved walls, reflecting the Miami Modernism style, or MiMo. They are charming buildings, although worn and in need of repair. Keith Darby, president of Rise Realty, describes the area as “full of …

Loophole to the New Treasury Rules for Cash Purchases?

There have been concerns about how the Treasury department’s new anti-money laundering rules will affect cash real estate deals in Miami and NYC. The new procedures will require the buyers who make cash deals over $3MM to be disclosed. This is concerning because many buyers in these markets, especially at this level of real estate, prefer to stay anonymous and make purchases through LLCs. …

New Rule for Cash Real Estate Deals

Many buyers of high priced real estate prefer to stay anonymous in their transactions. This has become especially common practice from foreign investors. However, a new order will require those who invest $1 million or more in cash for Miami real estate to make themselves known on record. The order is meant to avoid money laundering and stop illicit money from entering the market …

Commercial Real Estate is BIG Business

Commercial Real Estate is BIG business in the U.S., but how big is BIG? It can be put into perspective by looking at the many players involved in a commercial real estate deal. Investors – Commercial Real Estate accounts for approximately $15 trillion in tangible investments in the U.S. This figure does not include residential real estate. Lending Institutions & Mortgage brokers- According to …

What Does an Interest Rate Increase Mean for Commercia...

There has been talk for years that interest rates may increase now that the US economy is healthier. However, it looks like the hike on short term rates could very well happen when the Federal Open Market committee meets tomorrow, December 16. The benchmark interest rate has been kept between zero and one-quarter percent since 2008. The low rate was meant to encourage both …

Art Basel is about more than Art

This past week was Miami’s Art Basel. It is not only the world’s largest contemporary art show; it is a pinnacle of Miami culture. It’s one of the events that have positioned Miami an international, cosmopolitan city. Now in it’s 14th year, the event’s influence goes beyond designers and art collectors. It has grown to have influence on the real estate market as well. …

The Miami Real Estate Market Doesn’t Follow All the Ru...

  The US real estate market typically follows a seven year cycle of growth and decline. When the market begins to recover, prices are at the lowest and expansion begins. This eventually causes a peak in supply, and the market begins to recede when demand lessens. The Miami market still experiences these steps, but there are more contributing factors compared to most other US markets. …

Miami’s Residential Market is Strong

Office prices aren’t the only real estate costs increasing in South Florida – the residential market is also seeing growth and rising prices. The average price per square foot has increased 9% YOY, up to $177 for single family homes. The median sale price is up 13.1% compared to last year. When it comes to residential rentals, increases are up 10-11% depending on the …