What the Demand For Single-Family Housing Means For the Rental Market

September 29, 2021

Many young professionals no longer want to live in high-rise apartments, which is making waves in the rental market Living through a pandemic has changed people in numerous ways. One of the effects has been the demand for detached housing, as fewer people wanted to live in high-rise apartments in urban centers. Suburban homes became

Cold Storage Facilities Are Facing a Shortage as Demand for Fresh Food Strains Resources

September 22, 2021

Fresh, cold food is a hot commodity, increasing the need for cold storage facilities that make supply chains possible Dining out at restaurants took a significant hit during the pandemic. But while the industry isn’t out of the woods yet, restaurants have started to recover strongly. Meanwhile, “online grocery sales, subscription meal services, [and] consumer

The Expansion of Amazon Fulfillment & Distribution Centers in South Florida

September 15, 2021

Amazon is growing its footprint in the region to achieve new service levels and meet customer demands Online shopping is reaching unheard-of levels, as eCommerce sales surpassed the US $4.2 trillion mark in 2020. These purchases were made by over two billion consumers, equaling close to a quarter of the world's population. And even though

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