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Friday, Dec. 1: South Florida real estate market articles

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For years, MIAMI REALTORS® and Florida REALTORS® lobbied the state Legislature to cut Florida’s commercial-lease tax and successfully convinced lawmakers to make the move in 2021. Today, the cut becomes official as Florida’s commercial-lease tax goes from 5.5 percent to 4.5 percent. Projected to save businesses $219.3 million this fiscal year, the tax is slated to be further lowered to 2 percent next year. #MiamiCommercial

https://bit.ly/3N7KmkH

 

  1. Florida, Palm Beach home sales outperform rest of nation via Florida Weekly Palm Beach. MIAMI REALTORS® data and graphics sourced.

https://bit.ly/3T8h49q

 

Terra’s David Martin On South Florida Development Now and Then via @commobserver

https://bit.ly/3uDzDI9

 

Real estate outlook 2024: Mixed bag for housing, office market, but retail space in demand via @pbpost

https://bit.ly/4a3KM58

 

 

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U.S. mortgage interest rates hit 5% for the first time in a decade. That’s great news for the market. These higher rates are expected to slow demand and temper home prices.

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Global CRE Investment Up 95% in Q3 via @GlobeStcom

Daniel Zapata

Miami ranked among top-4 Best city stop-offs for superyachts via Boat International https://bit.ly/3NC67qH

Chris Umpierre

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