2024 Commercial Real Estate Outlook: Recovery & Opportunities
By Gay Cororaton, MIAMI REALTORS Chief Economist After taking a heavy beating in 2023, 2024 is poised to emerge as a recovery year for the...
Category : Commercial
MIAMI Realtors Commercial Earns National Accreditation for 16th Consecutive Year
MIAMI — The MIAMI Association of REALTORS® Commercial (MIAMI Commercial) has once again earned the National Association of REALTORS® (NAR) Diamond Level Commercial Services Accreditation,...
Southeast Florida Poised for Positive Modest Rent Growth in 2024 Due to More Supply and Increase in Homeownership Demand
By Gay Cororaton, MIAMI REALTORS Chief Economist Asking rents in Southeast Florida are likely to rise at a modest single-digit pace hovering at...
Miami Metro’s Large Multifamily Rental Market is Less Troubled by Excess Supply than Other Markets
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade is less troubled by excess supply woes in multifamily buildings with over 50 units.[1] Nationally in 2023,...
$9.7 Billion of Commercial Real Estate Sold in Miami-Dade County in 2023 Driven by Sales in Urbanizing Smaller Markets
By Gay Cororaton, MIAMI REALTORS Chief Economist In 2023, Miami-Dade County saw $9.7 billion in commercial real estate sales transactions, with about 3,200 sales transactions,...
South Florida Single-family Rental Asking Rents Outpace Multifamily Rent Growth in October 2023
By Gay Cororaton, MIAMI REALTORS Chief Economist Multifamily rental listings continued to surge in South Florida, causing rents to soften in Miami-Dade and in...
South Florida Remains a Prime Multifamily Market
By Gay Cororaton, MIAMI REALTORS® Chief Economist The 2023 Q2 South Florida Market Report for Multifamily Investors was written by Gay Cororaton, Chief Economist, and...
Apartment Rent Growth Cools but Miami is Still Outpacing U.S. Rent Growth
Gay Cororaton, Chief Economist The median rent paid for new leases continued to cool in May 2023 but Miami’s rent growth is still outpacing...
$4.7 Billion Commercial Sales Volume in Miami-Dade County in Q1-Q3 2023 with a Rebound Expected in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Commercial real estate transactions volume in Miami-Dade County during the first three quarters of 2023 totaled $4.7 billion,...
Miami Realtors Partners with Dealy to Modernize Commercial Real Estate Transactions
MIAMI — The MIAMI Association of REALTORS® (MIAMI) has partnered with Dealy to bring a standardized letter of intent (LOI) generator to the South Florida...