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Downtown Miami Slated to be the Next Tech Hub

B Miami’s Downtown Development Authority has long been working to make the core of the city the future of innovative technology for technology entrepreneursB and their efforts have continued. In a recent article from Miami Today consulting firm Techniacs stated,

“The downtown core city is the logical choice. With the Network Access Point of the Americas, the University of Miami incubator, the Pino Entrepreneurship Center at Florida International University and other high-tech facilities downtown, the synergy is there.”

The goal of creating the tech hub may have even received an advance from Miami-Dade County Mayor Carlos Gimenez in the form of a verbalB commitmentB of $1 million to the creation over a span of four years.B If you are interested in moving your business to Miami to be apart of the future tech hub contact Morris Southeast Group at your earliest convenience by calling 866-930-1426.

Image: About Miami

 

5 Tips on How to Lease Industrial Space

Are you thinking about leasing industrial space for your business, but you aren’t sure of the process? If so we’d like to share five tips on how to lease industrial space.

  1. Determine the type of space you need by considering the amount of space you’ll need for storage, production, offices, restrooms and etc. It’s also important to take into account your possible need of dock access, proximity to highways and parking space.
  2. Attempt to create a preliminary layout that takes into account all aspects of your operations; including utility connections for each piece of equipment.
  3. Contact a commercial real estate services professional, drive through industrial areas you are interested in and tour the buildings that meet your needs.
  4. Once you decide on a space provide the landlord with a viable business plan and financial statement, then make an offer.
  5. Prepare to negotiate all of the lease terms, not just lease rates to ensure that you are protected along with the landlord.

To inquire about leasing industrial space in South Florida contact Morris Southeast Group at 866-930-1426.

The Miami Office Market May See a Turnaround Soon

While it may have seemed as though the Miami office market was struggling when compared to the residential sector, it may see a turnaround soon. A recent article from Miami TodayB covered the Office Market Report released by the Commercial Industrial Association of South Florida, in which stated that declining vacancy rates and improvements in the economy could bring about the turnaround in two years.

Specifically it is predicted that in the next 24 months the market will shift in favor of landlords over tenants and vacancies will drop below 10 percent. Currently the market is in the hands of tenants, butB concessions are less generous than they were a year ago for Class A space, which is considered the most luxurious.

To read more on Miami’s office market turnaround visit Miami Today and contact Morris Southeast Group if you are in need of commercial real estate services in the South Florida area.

 

Coconut Grove Business District to Receive a Renovation

The Coconut Grove business district is scheduled to receive sidewalk renovation, but some of the area’s business owners don’t agree to. The project, which is a collaboration between the city of Miami and the Coconut Grove Business Improvement District,B will cost around$6 million and include new, thicker brick pavers, wider sidewalks, new lighting and the replacement of more than 20 trees.

While it would seem as though efforts to make the area’s streetscape more attractive would be welcomed with open arms, they aren’t. Some Grovites believe the replacement is unnecessary, while business owners are worried that the city is focusing on the wrong things and thatB the sidewalk construction will have an impact on foot traffic. There is even an online petition that “requests that the City and County explore ways to safeguard existing trees in order to promote their health and longevity.”

What are your thoughts on the sidewalk improvement project that is set to take place? To read more on the Coconut Grove business district renovation visit the Miami HeraldB and be sure to share you comments below.

Source: Miami Herald

Miami Beach Retail Tenants Seek Two Floors

New retailers are headed to Miami Beach and the majority of them have at least one thing in common, they will occupy two floors. The trend, known as verticality, is growing in popularity in part because of Miami’s tight retail market and the cost effectiveness of going up.

An article from The Real Deal Miami stated that verticality comes from two main factors, which include:

  1. Suburban retailers not being able to get their natural floor-plates and parking spaces in Miami-Dade County, and as they attempt to go into more urban areas, they have to consider either structured parking or a facility that has two levels.
  2. There’s a need for a large store that cannot be fulfilled by a single-floor space.

For help finding the best retail space in South Florida for your business contact Morris Southeast Group at 866-930-1426 and for more information on the trend of Miami Beach retailers seeking multiple floors read the entire article on The Real Deal Miami.

Image: rofo

 

Plans Underway for New Commercial Neighborhood in Miami

Earlier this year we shared news that Miami’s Design District would receive new luxury retailers to catapult it to a high-end fashion destination,B and now there’s more news surrounding the area. Plans are currently underway for the hot spot known for its art galleries, furniture showrooms and restaurants to receive a new commercial neighborhood. Last week property owner and developer Craig Robins made a proposal to build a $312 million high-end, commercial neighborhood which would feature 19-acres andB more than 1.1 million square feet of floor area.

By the time its construction is complete in the next few years the neighborhood will be comprised of 53 hotel units,B 96 residential units, and 2,571 above-ground and below-grade parking spaces. It will bring an additional 1,200 permanent jobs andB also include over 35,000 square feet of open space and 42,000 square feet of civic space.

If you think you may be interested in moving your business to Miami near the Design District contact Morris Southeast Group at 866-930-1426.

Source:B South Florida Business Journal

Morris Southeast Group Signs BCSST in Pembroke Pines

Recently, Morris Southeast Group signed Broward Charter School of Science and Technology to a 10-year lease in which we represented the landlord. The building, owned by CSG Building LLC andB formerly known as the Miller Legg Center, isB located in Pembroke Pines and features two stories totalingB 24,246-square-feet.

The new K-12 Charter SchoolB is associated with Edfutures, Inc.B and also has a sister school Burns Science Tech. It utilizes Florida and National Standards in the teaching and learning of the Science, Technology Education, Engineering and Math (STEM) disciplines, in an innovative, integrated, collaborative, and applied fashion to a level of challenge sufficient for college and/or career readiness.

To read the full press release visit our website morrissegroup.com and contact us at 866-930-1426 for your commercial real estate service needs if you are in the South Florida area.

South Florida Business Owners Move to Live-Work Areas

There was once a time in which small business owners lived directly above or behind their store or office, and it seems as though the idea is returning to South Florida. An article in The Miami Herald reported thatB shopkeepers are moving their lives and businesses back to the city from the suburbs by taking advantage of the urban enclaves and new live-work spaces in South Florida.

Given the current state of the economy business owners that need to tighten their budgets are finding that it makes sense to live within walking distance of their office space asB it eliminates the expense of commuting. And South Floridians aren’t the only ones living and working in the same area. According to the 2010 American Community Survey report, about 4.1 percent of the nationbs labor force (about 5.7 million) worked at home and 2.8 percent (about 3.9 million) walked to work.

To move your business to an area in South Florida where you can live and work call Morris Southeast Group at 866-930-1426.

B Source: The Miami Herald

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