A few days ago we shared news that all of the
The National Association of REALTORS predicts Miami commercial vacancy rates in the first quarter will be lower than the national average in all top four sectors. Office, industrial, retail and multifamily will all have lower vacancy rates compared to the average of the other 73 markets tracked in the February Commercial Real Estate Outlook. Particularly significant is the prediction that Miami will have an impressive 7.6 percent rate, which is more than four points below the national average of 11.7 percent for industrial. Only Orange County and Los Angeles are predicted to have lower vacancy rates. Retail, too, in Miami is forecasted more than 4.5 points lower at 7.3 percent, compared to the national rate of 11.9 percent.
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Source: Yahoo! News
Tags: Commercial Real Estate Trends, CRE news, miami commercial real estate, Miami office property, South Florida commercial real estate, South Florida commercial real estate services
