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Regional Summaries

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Miami, FL

Apartment
The Miami apartment market vacancy rate in the fourth quarter of 2017 was 4.9%, up 40 basis points for the period alone but down 30 for the year. The excess of supply over demand that followed in January 2018, however, bumped the rate to 5.2%. Rent growth was very strong in 2017 and was strong earlier as well. At $1,463 and $1,404 per month, asking and effective averages for the fourth quarter were up fully 6.8% and 6.5% for the year following increases of 4.6% and 4.3% through 2016. Gains in the fourth quarter alone were 0.9% and 0.8% to which January 2018 added increases of 0.5% and 0.4%. VIEW APARTMENT LISTINGS >
Industrial
Vacancy is low in the Miami warehouse/distribution market. At just 6.6%, the fourth quarter rate was down 20 basis points from a quarter earlier and was up 20 for the year—following a 50-basis-points decline in 2016. January 2018’s large completion total resulted in a 20-basis-points addition. Rents are high and rising. Fourth quarter asking and effective rates for Miami-Dade warehouse/distribution space were $7.18 psf and $6.79 psf, up 2.4% and 2.7% year-to-date following increases of 2.6% apiece in 2016. Gains for the fourth quarter alone were 0.7%. A flat performance followed in January 2018. VIEW INDUSTRIAL LISTINGS >
Office
The vacancy rate remains favorable in the Miami-area general purpose, multi-tenant office market despite recent increases and the negative net absorption from which they arose. The rate at the end of 2017 was 14.5%, up 50 basis points for the period and up 100 for the year following a 40-basis-points decline in 2016. Rent growth has seen a marked slowdown. At $34.00 psf and $27.33 psf, fourth quarter metro area average asking and effective rents were up just 1.5% and 1.3% for the year following increases of 3.1% and 3.2% in 2016. Gains for the fourth quarter alone were 0.6% for both rates. January 2018 data report no completions that month with negative 18,000 square feet of net absorption. The vacancy rate fell 10 basis points to 14.4% with the asking and effective rents unchanged. VIEW OFFICE LISTINGS >
Retail
Vacancy in the Miami community-neighborhood shopping center market ended 2017 at 5.7%, down 20 basis points over the quarter but up 10 basis points for the year following a 60-basis-points decline in 2016. The lack of completions of this type that followed in January 2018 met with net absorption at negative 10,000. Rent growth in this sector increased markedly in 2017. At $28.42 psf and $24.38 psf, fourth quarter mean asking and effective lease rates were up 4.3% and 4.4% for the year each following gains of 2.1% and 2.5% in 2016. Gains for the fourth quarter alone were 1.5% and 1.6%. Increases of 0.3% are reported for both averages for January 2018. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

CBC Infographics

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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