The Green Street Commercial Property Price Index jumped by 4.4% last month. Prices of every asset type included in the index increased. In some cases, like self-storage, industrial, and manufactured home parks, prices are hitting new highs—and are now 15-25% higher than pre-COVID marks. CLICK ON THE HEADLINE FOR MORE
As commercial land grows scarce in South Florida’s urban cores and sprawling suburbs, manufacturers and distributors in search of affordable land are increasingly looking to areas on the outskirts of the region. For now, the new users are almost exclusively industrial and distribution tenants drawn by cheaper land. CLICK ON THE HEADLINE FOR MORE
According to a survey which polled over 500 CRE stakeholders across the U.S. in April and May, just 47 percent respondents ranked primary markets as one of their top choices, closely followed by suburban areas of primary markets at 46 percent and secondary markets at 37 percent. CLICK ON THE HEADLINE FOR MORE
A lot of capital is coming into commercial real estate space. Some groups on the equity side may be arriving in anticipation of inflation and see real estate investment as a way to buffer their portfolios. CLCIK ON THE HEADLINE FOR MORE
Outsized demand relative to new supply is prompting significant competition for new space, with customers placing a premium on quickly securing prime logistics space. CLICK ON THE HEADLINE FOR MORE
Expert Advice For All Your Commercial And Industrial Property Needs In South Florida