A panel of commercial real estate professionals at the recent Commercial Real Estate Outlook noted the Miami CRE picture looking up, according to Miami Today. The optimism is due to new foreign investors interested in South Florida, the Panama Canal dredging project and increasing leasing activity.
Miamib s industrial sector is doing better than predicted in terms of vacancy, and office vacancy rates are expected to fall as well.B One panelist even suggested that the Miami office market will be a landlord market in 2012. Foreign investors are also helping to drive the local recovery, as they notice the great potential of doing business in Miami, a gateway city that has been attracting more and more people.
At Morris Southeast Group, we have expertise in office and industrial properties in the South Florida area. We offer a number of commercial real estate services. Contact us today to learn more.
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Tags: commercial real estate, CRE, industrial property, Miami, Morris Southeast Group, office property, South Florida
