Recent industrial market reports point to trade between Latin America and the United States as a defining factor in South Florida’s industrial growth. According to the 2019 South Florida Industrial Market Outlook by Transwestern, imports and exports increased by 9.1%...
Uncategorized Articles
Brickell, Miami Design District Post Strong Retail Growth
Primary developers of the Miami Design District and Brickell City Centre are reporting strong retail growth numbers for 2019.
Massive Miramar Sale Signals Strong Market
Last week, multiple buyers purchased a 36.7-acre parcel of land in Miramar for $41 million. The land, located between Red Road and Miramar Parkway at the southern edge of Broward County, will be developed into luxury apartment buildings and a retail center near the...
Development Report: Downtown Miami
The population of downtown Miami has grown by 40% in eight years, according to a new report by the Downtown Development Authority. The population of tourists and workers is also soaring, and there are several major development projects in the works. Thanks to the...
New Stations, New Fares for South Florida Rail Travelers
Virgin Trains (Brightline) is making progress in the development of three new stations along its rail line, including PortMiami, Aventura, and Boca Raton. Construction on the stations is expected to break ground by the end of this year, with train operations...
WeWork Stumbles, but Coworking Remains Strong in South Florida
Miami is the city with the highest percentage of coworking in the country, and the movement is continuing to gain momentum despite a massive stumble on the part of WeWork. A recent report by JLL names Brickell, Coral Gables, Downtown Miami, Downtown Fort Lauderdale,...
New PortMiami Projects Include the Biggest Lease Deal in Port History
The Miami-Dade County Commission has approved 11 new projects at PortMiami, including a major deal with MSC Cruises and an expansion plan for Carnival. MSC Cruises, a global cruise line based in Geneva, will build a two-terminal building on 16.7 acres under a 62-year...
What Are Opportunity Zones, Anyway?
If you keep an eye on commercial real estate news, you’ve likely heard about a new tax benefit program called Opportunity Zones. But what are these Opportunity Zones really, and how do they work? We’re here to provide you with information. First conceived in 2017,...
Miami-Dade Tops the Nation the Nation for Retail Rent Growth
According to a new report by Colliers International, Miami-Dade County is leading the country in retail rent growth. In the second quarter of 2019, rental rates increased steadily while leasing activity stayed strong and vacancy rates stabilized, the report says....
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