Single-family Homes for Rent are in High Demand in Southeast Florida
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida Residential Rental Market Report – June 2024 Asking rents for single-family homes have held up more firmly than multifamily asking rents and single-family listings now account for a higher share of total rental listings, according to MIAMI MLS data and non-MLS data from Rental Beast, […]
Southeast Florida rental demand perks up in vacation spots and affordable markets in April 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida Residential Rental Market Report – April 2024 With the spring and summer seasons ushering in demand for short-term vacation rentals and permanent rental housing among movers, the number of multifamily units rented out rose 35% in April from the prior month in Southeast Florida, at […]
Miami-Dade County’s Commercial Real Estate Market Rebounds in Q1 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade Commercial Report – Q1 2024 – April 25, 2024 Sales of core real estate assets (multifamily, office, industrial, retail) in Miami-Dade County rose 15% year-over-year to $880 million in the first quarter of 2024. This is a turnaround compared to the 52% decline in sales in […]
Southeast Florida is Undergoing the Most Intense Multifamily Construction Activity Among Major Markets
By Gay Cororaton, MIAMI REALTOS Chief Economist Southeast Florida Residential Rental Market Report – March 2024 Southeast Florida is undergoing intense multifamily construction activity as the area continues to post strong job growth, sustained migration, and challenging affordability conditions in the for-sale housing market. In 2024 Q1, Miami-Dade County had the highest share of […]
Multifamily Asking Rents in Southeast Florida Inched Up in February 2024 After Months of Decline
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida Residential Rental Market Report – February 2024 The decline in asking rents that hit Southeast Florida’s rental market in the second half of 2023 appears to have hit bottom. After asking rents on multifamily units declined in 2023 as more rental listings hit the market, […]
2024 Commercial Real Estate Outlook: Recovery & Opportunities
By Gay Cororaton, MIAMI REALTORS Chief Economist Commercial Real Estate Outlook_Cororaton_NTLA_March2024_Updated After taking a heavy beating in 2023, 2024 is poised to emerge as a recovery year for the commercial real estate market, with opportunities across asset classes and geographic markets. Fundamentals remain strong across most asset classes, with trouble concentrated in the office […]
Single-Family Luxury Home Sales Price Rose to at Least $2.3M in 2023, According to MIAMI Luxury Report
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida Residential Luxury Home Sales in 2023_02162024_Revised With elevated levels of out-of-state migration into Southeast Florida and its strong economy that has attracted business expansions and relocations, the share of million-dollar homes to total sales has steadily climbed since 2019. In 2023, the share of million-dollar […]
5 things to know before entering the new development market
New construction is lucrative, but requires a unique skill set. Here’s what you need to know. The post 5 things to know before entering the new development market appeared first on MIAMI REALTORS®.
Palm Beach County June Condo Sales Report
$8M North Ocean unit took top spot The post Palm Beach County June Condo Sales Report appeared first on MIAMI REALTORS®.
Mosie Miller Sells Oceanfront Palm Beach Estate for $68M
1.4-acre North End property spans several hundred feet of waterfront The post Mosie Miller Sells Oceanfront Palm Beach Estate for $68M appeared first on MIAMI REALTORS®.