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While it’s true that many of Miami’s small-businesses have been hit hard by the state of South Florida’s economy, many expressed that they will begin hiring soon. In a survey of small-business owners conducted Bank of America 25 percent of the Miami market expects to begin hiring within the next year, while half expect to see revenue growth.
The survey, which polled 300 small-business owners who lead companies with revenue from $100,000 to just under $5 million also uncovered the following findings:
- When asked about the local economy, 35 percent of Miami small-business owners said it would improve in the next 12 months.
- Plans for marketing were in the works for 40 percent of Miami small-business owners.
- Miami market small-business owners said their top concern was the effectiveness of U.S. government leaders, with 69 percent saying it was a problem. Other top concerns were health care costs, the recovery of consumer spending and commodities prices.
If you own a small business and you’re looking to move into an office, industrial or retail space call Morris Southeast Group for your commercial real estate needs.
Source: South Florida Business Journal
Do you remember hearing a great deal about the green building movement at one point, then news of it began to fade? One way to get insight on the movement is to take a look at the green office space.
According to a study conducted by CoStar…
the percentage of rentable building area (RBA) in LEED-certified office space grew stronglyB from 2006 to 2009 in properties 50,000 sq. ft. and greater, and in 2009 nearly 50 percent of the total RBA delivered qualified as LEED-certified.
When compared with other 50,000-sq.-ftB buildings LEED office spaceb s percentage of total absorption has been consistently higher which suggests that they are filling up faster than spaces in non-LEED-certified buildings.
Given the increase in tenants choosing to occupy LEED certified spaces Anthony Guma, a research director for CoStar Group in Washington, D.C., stated that “office investors and developers should take note: Based on recent absorption trends, buildings lacking LEED certification could see occupancies suffer if tenants decide to move on to greener spaces.”
To read more on tenants leaning toward LEED office spaces read the entire article from National Real Estate Investor.
Source: B National Real Estate Investor
Are you looking to invest in commercial real estate? If so, did you know that 90 percent of transactions involve a broker? To find the best firm to guide you through the process of investing in commercial real estate consider these tips on choosing the best broker.
- Make sure the brokerb s interests are aligned with yours by making your objectives clear.
- Check to see if the firm is driven by sound experience and processes, and not solely instinct. B Ask for samples of the deliverables as well as a lease or purchase and sale negotiation checklist.
- If the firm proposes a team structure get the details on each person’s expertise and role.
- Ask how they measure results. What kind of indicators do they use, and what are the most wanted results andB critical success factors when working with a client?
- Look for evidence that the brokers appreciate the details.
- Find out their experience in negotiation, what techniques they use and an example of a victory from a challenging deal.
- See if they truly listen to clients by checking to see if they survey them and how often.
- Ask specific questions pertaining to their strengths and training to adequately gauge their experience.
- Be clear on how they get compensated; is it according to commission or performance?
To discuss the ways in which Morris Southeast Group can service your commercial real estate needs contact us at 866-930-1426.
Are you looking to invest in commercial real estate or are you currently looking to sell a few of your buildings? If so, let Morris Southeast Group help you with your commercial real estate investment. As a leading provider of CRE services in South Florida our team specializes in assessing real estate portfolios and creating effective strategies to help you acquire or relinquish property.
We are able to help you achieve a high return by thoroughly utilizing market analyses and research, as well as our marketing programs. No matter if you are interested in investing in South Florida commercial real estate or selling your property in another region, we are able to focus in on your needs and achieve the best possible results with the help of our partnership withB CORFAC InternationalB and by closely monitoring the market.
To further discuss investing in or selling commercial real estate contact Morris Southeast Group at 866-930-1426.
Over the past year Miami’s office market experienced improvements at the hand of South American investors and it seems as though iis recent improvements are still being driven by foreign tenants. The Real Deal MiamiB recently reported that firms from South America and Europe are taking on more commercial leases which are helping to strengthen Miami’s market.
What first began as Latin Americans tapping into the troubled residential market eventually led to small office space investments, which are now being expanded into office leases that include 2,000-5,000 square feet. According to recent reports “the office sectorb s progress hasnb t yet been reflected in rents and the vacancy rate has been dropping across the board, with Miami-Dadeb s overall office vacancy down near 16 percent.” While a great deal of firms have come from Europe and South America other global companies are recognizing Miami’s international appeal and are also looking to expand to markets that Miami can run regionally.
Source: The Real Deal
Everyone is well aware of the recession’s negative impact on the economy and our country’s overall morale, but have you ever considered the idea that it may have helped in some ways? We recently came across an interesting article from FOXBusiness that proposed that there is a bright side to the recession, and that would be striking a balance between work and life.
According to the article,
…many employers have allowed workers greater flexibility regarding when and where they work in the last seven years. More specifically, research found that in 2012, more employers allowed workers to work from home occasionally andB use flex timeB to take care of family and personal issues without loss of pay. Workers also were given more control over paid and unpaid overtime hours in 2012 than in 2005.
But while there have been gains, there have also been losses such as “workers returning to work less gradually after childbirth, as well as being less likely to take career breaks due to personal or family reasons.”
What are you thoughts; do you think that the recession has helped the work-life balance? Let us know in the comments section below.