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Category Archives: Uncategorized

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 …

South Florida Office Space Prices Are Seeing Record Hi...

Prices for Class A office space have been rising in Florida. Miami-Dade county has seen some of the largest increases. Asking prices have averaged $40.75 per square foot, up 5.1% since the peak of the last real estate cycle in 2008. Palm Beach and Broward counties are also seeing increased prices, up 1.6% and 1.2% respectively. Class B office spaces have also seen record …

Foreign Investors in the Miami Real Estate Market

The real estate market goes through cycles, and as discussed in last week’s article, we at Rise Realty believe that Miami is currently healthy in mid-cycle. The market’s health can largely be attributed to foreign investor activity. Despite the rising dollar, foreign money is still flowing into Miami. Keith Darby, Rise Realty President says, “Foreign investors see real estate as a safe place for …