Intelligence

Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Miami, FL

Apartment
While net absorption has slipped behind same-year new supply, the Miami apartment market vacancy rate has remained moderate. Rising gradually over the past few years, it closed the first quarter of 2019 at 6.1%, a decline by 10 basis points for the period following a gain of 100 all told last year. At $1,573 asking and $1,497 effective per month, averages for the first quarter of 2019 represented gains of just 0.3% each for the period. The year 2018 saw strong overall gains of 6.5% and 5.4%. VIEW APARTMENT LISTINGS >
Industrial
Vacancy in the Miami warehouse/distribution market was 7.6% at the end of the first quarter of 2019, down 20 basis points for the period following an increase by 140 over the previous two years, the market remains tight. First quarter asking and effective lease rates for Miami-Dade warehouse/distribution space were $7.48 psf and $7.08 psf, up 0.7% and 0.6% for the period following increases of fully 3.5% and 3.7% all told last year. For Flex/R&D space, Reis reports first quarter vacancy at 3.9%, down from 4.0% one quarter earlier, and up 30 basis points from one year earlier. VIEW INDUSTRIAL LISTINGS >
Office
Vacancy remains moderate in the Miami general purpose, multi-tenant office market despite the recent slack in demand and the newly delivered supply. The rate ended the first quarter of 2019 at 15.7%, down 10 basis points for the period after a gain of 150 through 2018. Rents are high; growth has been sluggish. At $34.82 psf and $27.99 psf, first quarter average asking and effective rates were up 0.7% and 0.8% for the period following increases of 1.8% and 1.7% through 2018. VIEW OFFICE LISTINGS >
Retail
Vacancy in the Miami community-neighborhood shopping center sector ended the first quarter of 2019 at 5.9%, down 20 basis points for the period after a gain of 40 through 2018. Rent growth in this sector increased markedly in 2017 but eased up in 2018 and should remain moderate in 2019. At $29.40 psf and $25.27 psf, first quarter mean asking and effective lease rates were up 0.7% and 0.8% for the period following increases of 2.5% and 2.6% all told last year. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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