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

A New Robotic Parking System May Be Coming to Broward County

August 11, 2021

Robotic parking and other technological advancements could change what CRE tenants want in the future A 1.13-acre site on Powerline Road in Oakland Park could be home to a brand-new mixed-use building that will stand out from the rest once it's constructed. The reason is simple: there's a plan to include a robotic parking system

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 Florida’s Population Boom Could Mean for the Economy

May 19, 2021

As more people relocate to Florida, the state is poised to experience significant economic growth in the coming years. Florida's population is expanding rapidly, and the underlying reasons make a lot of sense. Sure, the state will always draw people because of its warm weather, the abundance of activities, and altogether attractive lifestyle. But Florida's

Why Perception Creates a Disconnect Between Price and Value in CRE

April 14, 2021

In the end, what something is truly worth is what people are willing to pay for it. Pretty much everything on the planet has a cost. When you head to the supermarket, items on the shelves have price tags telling you what you need to pay. However, that doesn't necessarily mean that a box of

The Impact of COVID-19 on Existing Commercial Real Estate Trends

March 31, 2021

The pandemic and the economic downtown impacted—and accelerated—some CRE trends significantly.  Although COVID-19 led to a global economic downturn, it hasn’t ended up as severe as some early projections estimated. In June 2020, the World Bank reported that the pandemic could plunge the world into a recession not seen since World War II, but it

Inflation or Deflation: What Will We See in the Post-COVID World?

March 24, 2021

Many analysts believe we will enter an inflationary period, but some predict the inverse A return to normalcy is drawing closer with news that the United States could distribute up to 500 million vaccine doses by the end of June. This number would mean there's enough product on the market to vaccinate the country's entire

What Can We Expect From Retail in 2021?

March 17, 2021

Retail had a turbulent and uneven ride during the COVID-19 pandemic, but a broad recovery should follow once most Americans receive a vaccination. It goes without saying that 2020 was an incredibly challenging year for many brick-and-mortar retailers as pandemic-related restrictions made turning a profit an uphill battle. Although recovery likely won't be linear, and

Is the Open Office Concept a Thing of the Past?

February 3, 2021

The need for social distancing is sure to amplify many pre-pandemic questions about the efficiency of open offices. The open-concept office is widespread in corporate America, though it has taken some hits in recent years. The movement first gained traction in the 1970s and remains a go-to setup for many businesses around the country. The