Posted on January 16, 2018 · Posted in Industrial / Flex, Office, Property Management, Retail

In 2017, Levy Realty Advisors closed a total of 350 leases, totaling 1,229,912 square feet.

Of the 350 total lease deals, 334 were for properties managed by Levy Realty Advisors. 126 of the transactions were secured with new tenants while 208 were renewals. In addition to the 334 leases at Levy-managed properties, 16 leases were secured at properties outside of Levy’s property management portfolio.

“2017 was a strong year for us,” commented Levy Realty Advisors’ Broker and President Alan Levy. “We saw a lot of leasing activity, rising rents, and consistently positive absorption rates. In the month of December alone, the occupancy levels of our industrial space increased by 15,871 square feet, and across our entire portfolio of approximately 2.8 million square feet, the average industrial vacancy rate is only 2.19%. In this tight market, tenants are paying the price. On renewals, rental rates increased by an average of 11.58% in December. We anticipate that 2018 will be another great year for owners of industrial real estate.”

Levy Realty Advisors is seeking leasing and investment sales professionals for its growing commercial real estate expansion in Miami-Dade, Broward and Palm Beach counties. The position offers a unique ground floor career opportunity to work closely with the firm’s Founder Alan Levy to move their vision for the Levy Realty Advisors brand forward. Commission and benefits are commensurate with experience. A Florida Real Estate License and Commercial Real Estate experience are required. Only qualified candidates should apply by forwarding resumes to josh@levyrai.com.

 

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