How the Shift Away from Major Cities May Impact South Florida CRE

September 8, 2021

Major urban centers have always attracted corporate headquarters, but smaller cities are now competing for these firms The COVID-19 pandemic has changed many things in society. People are going out less, travel (while bouncing back) is curtailed, and the remote workforce is flourishing. We also saw a shift to the suburbs for many people early

What Florida’s Bill 50 Could Mean For the Commercial Real Estate Industry

July 28, 2021

Lower taxes for businesses could create new demand for commercial space in the state. Florida is the only state in the country that levies a tax on commercial leases. This commercial rate applies to rental amounts, property taxes, maintenance fees, and other expenses associated with leasing these properties. Basically, if you're leasing a commercial property

How to Separate Real Value from Smoke and Mirrors in Commercial Real Estate

July 7, 2021

Believing current trends will hold up forever is an avoidable mistake when investing in commercial real estate It's easy to fool yourself into believing the hype surrounding today's commercial real estate market in South Florida.  After all, values are increasing overall, especially in specific “hot” property classes. So, as an investor, all you have to

What the Hot South Florida Residential Real Estate Market Means for CRE

June 30, 2021

As more homes sell quickly in South Florida, the demand for multi-family properties and other CRE may increase along with them. South Florida has always been a desirable place to live. After all, who wouldn't want to reside in one of the country's most culturally diverse and year-round-sunniest areas? But the COVID-19 pandemic and lockdowns

Is South Florida Set for a Big Increase in New Construction?

June 23, 2021

The pandemic caused a downturn in new construction in 2020—and high material prices are a concern—but South Florida seems poised for a rebound. COVID-19 turned 2020 into an unprecedented year, as stay-at-home orders, lockdowns, and consumer hesitancy caused issues for many sectors of the economy. Restaurants and hotels mightily struggled because people weren't traveling, and

What CRE Developments Could Mean for Miami’s Economically Underprivileged Neighborhoods

June 16, 2021

Some of Miami’s neighborhoods could see significant investment in the coming years as corporations buy up buildings further away from the financial district South Florida is experiencing strong commercial development, with major firms like Virtu Financial, Goldman Sachs Group, and Elliott Management setting up corporate offices. This trend might be turning the area into Wall

Is South Florida Quickly Becoming a Global Tech Hub?

May 12, 2021

The tech industry is rapidly making its presence known in SoFlo, opening new opportunities for investors. In the 1990s, Miami attempted to establish itself as a tech hub. At that time, the city was home to some of South America's top online players, including the financial web portal Patagon.com, which eventually sold a 75% stake

Is South Florida Destined to Become the Center of the Financial Universe?

April 21, 2021

Numerous financial institutions are setting up shop in South Florida in search of warmer weather, cheaper real estate, and lower taxes. But how significant and lasting is the trend? South Florida has always been a hot spot for New York City’s elite, as the weather and entertainment scene make it the perfect place to head

Commercial Real Estate’s Winners and Losers in the COVID-19 Economy

December 23, 2020

Although the pandemic is creating economic challenges worldwide, some industries are faring better than others and thriving because of the shift in consumer behavior. COVID-19 has done a number on the American economy, with unemployment rates reaching 14.4% in April. By November, that number had dropped to 6.7%, but we're still seeing fallout because consumers

Outdoor Space as a Solution to Maximize Building Use During COVID

November 25, 2020

Taking advantage of available outdoor spaces can make businesses safer for customers and employees while navigating the global pandemic. We're learning more every day about the novel coronavirus that's wreaking havoc on our society, giving us additional insight on how to protect ourselves.  For example, it's now common knowledge that the virus spreads person-to-person through

How the COVID-19 Economy Impacts Property Improvements & Customized Offices

September 30, 2020

The changing tenant-improvement landscape due to COVID-19 Before the COVID-19 pandemic, it was common for tenants in “Class A” buildings to ask for significant improvements to office space as a part of their real estate lease. In essence, this practice allows companies to obtain a highly-customized office as part of their agreement.  The owners of