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Construction Slowdown Expected To LingerA slowdown in new construction project spending posted in some categories earlier this year is expected to extend well into 2024, according to a new report from brokerage JLL.“The construction industry is in a period of heightened…

Although inflation is beginning to cool, the affordability advantage South Florida has enjoyed historically has continued to dissipate and is unlikely to return, specifically for housing. The result is the rental market being the most affordable choice for many South…

Greenberg Traurig, an international law firm, leased 128,450 square feet in what is the largest office deal in Miami's central business district in recent years.The lease is for five floors at 333 SE 2nd Ave in Miami, a LEED Gold & Energy Star Certified, 47-story office…

While rent growth in the multifamily sector has quickly normalized across the Sun Belt, it is clear that retail rent growth has not. Each of the top 12 U.S. markets for retail rent growth measured over the past three years are in the Sun Belt region, and five of them are…

While recent news has touted the benefits of company relocations and the in-migration of individuals with elevated net worths into South Florida, this has also come at a cost. An influx of $23 billion in adjusted household gross income from 2019 through 2021 has had a…

The recent departures of some major investment firms from New York have resulted in nearly $1 trillion in combined assets under management that are no longer based in the largest U.S. city, according to a new report.And New York isn’t alone. California investment firms…

Leasing interest in spaces 25,000 square feet and smaller in Orlando has been high, although there is a potential pocket of rent weakness that exists in larger buildings 500,000 square feet and greater, given lessened demand for large blocks of distribution space. As a…

Miami and Fort Lauderdale have experienced the highest absorption levels, defined as the change in number of square feet occupied, collectively totaling more than 1.5 million square feet in the last 12 months. Orlando, on the other hand, is the only large Florida market to…

The South Florida office market continues to outperform the broader nation in terms of rent gains with Miami, Palm Beach and Fort Lauderdale posting annual rent gains of 7.3%, 6.6% and 5.3% respectively so far in July. Those average gains are well above the national index…

Multifamily rent growth in the United States is experiencing its largest retreat on record, with rents growing just 1.1% since the end of 2021 after hitting an all-time high of 10.7%.The 10 markets that led the explosive rent growth during 2021 have witnessed rent…

The increase in availability has been driven by the combination of the large quantity of new space coming to market coupled with the aforementioned slowdown in leasing activity. Still, the main driver of this softening in demand for larger assets is the sheer amount of new…

Some immigrants from seven countries will no longer be allowed to buy real estate, including houses and condominiums in certain cases, in Florida under a new law set to take effect at the end of this week.The new law prohibits foreign nationals from China, Cuba, Iran, North…