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 […]
Case Studies on Repurposing Vacant Hotels/Motels into Multifamily Housing
Recognizing that the conversion of vacant hotels/motels is a win-win solution to address the underutilization of hotels/motels and help alleviate the housing shortage. The post Case Studies on Repurposing Vacant Hotels/Motels into Multifamily Housing appeared first on MIAMI REALTORS®.