Lee & Associates South Florida Q1 Report: Industrial Vacancies Surge, But Rents Hold Steady Region’s office, multifamily and retail sectors remain resilient in first quarter of 2025 MIAMI, FL (April 23, 2025) – South Florida’s industrial market experienced a major uptick in vacancies while avoiding rental rate compression during the first quarter of 2025, according to Lee & Associates South Florida’s Q1 2025 market report. The region’s office, multifamily and retail sectors demonstrated…
Celebrating Earth Day with the Miami-Dade County Baynanza Beach Cleanup 2025
Celebrating Earth Day with the Miami-Dade County Baynanza Beach Cleanup 2025 MIAMI, FL (April 22, 2025) In the spirit of Earth Day, Lee & Associates South Florida is happy to share highlights from our recent participation in Miami-Dade County’s 43rd Annual Baynanza Biscayne Bay Cleanup Day, held on Saturday, April 12, 2025 at Virginia Key Beach – North Point Park. Baynanza is a cherished annual event that brings together thousands of community volunteers to…
Multifamily Investor Sentiment Improves Decisively
‘Multifamily Investor Sentiment Improves Decisively’ Economic uncertainty remains a nuisance, but it’s not deterring the majority of buyers and sellers. By Richard Berger April 17, 2025 The slower pace of interest rate cuts signaled lately by the Federal Reserve has not affected investor sentiments for value-add and core assets, according to a recent quarterly Multifamily Underwriting Survey. Core multifamily asset underwriting assumptions improved in the year’s first quarter, while those of value-add…
Demand for Doral commercial real estate slides, but prices keep rising
‘Demand for commercial real estate slides, but prices keep rising’ By Janetsky Lugo – Miami Today April 17th, 2025 Doral’s commercial real estate scene continues to see rising prices despite the pullback in demand. “I think the year started out pretty hot in comparison to the past … 18 months,” said Conner Milford, senior vice president with Lee & Associates. “However, it’s definitely slowed down a bit here more recently.” Mr. Milford said a…
Standout Lee & Associates South Florida Duo Brokers $9.35 Million Industrial Sale in Fort Lauderdale
FORT LAUDERDALE, FL (March 28 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena brokered another off-market industrial real estate transaction, this time on behalf of Sitex Group, a New Jersey-based investment group marking its first acquisition in South Florida. The prolific duo represented Sitex Group in its $9.35 million purchase of two warehouses located on 3.49 acres within the Prospect Industrial and Commercial Park, near the Fort…
DOGE Federal Property Purge May Create Redevelopment Plays in South Florida
‘DOGE federal property purge may create redevelopment plays in South Florida’ A few government-owned sites are prime for new projects, but cutting nearly 100 leases is much trickier, experts say By Lidia Dinkova and Francisco Alvarado Research by Matthew Elo and Adam Farence March 6, 2025 Elon Musk’s purge of nationwide federal properties owned and leased by the U.S. government is causing ripples in South Florida’s commercial real estate market. Already,…
Prolific Lee & Associates South Florida Duo Brokers New Investment Sales Transaction in Fort Lauderdale
FORT LAUDERDALE, FL (February 24, 2025) – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena continue their impressive run of dealmaking with a new off-market investment sales transaction in Fort Lauderdale. The duo represented the buyer and seller in a $7.595 million industrial deal that closed on Feb. 11. Bridge Logistics Properties acquired the 1320 NW 65th Place property from Blue Floor LLC. The 1.74-acre property is home to…
Lee & Associates South Florida Obtains Premier Miami Development Assemblage Investment Sales Listing
MIAMI, FL (February 21, 2025) – Lee & Associates South Florida Principal Michael Hinton, CCIM, secured the exclusive investment sales listing for a high-density development assemblage located on Miami’s Biscayne Boulevard. The six-parcel site is being marketed with a $32 million asking price. The 36,998-square-foot assemblage at 3350 Biscayne Blvd. has existing zoning approvals for a 172-unit high-rise development. Its seller is in the process of applying for a significant density increase under the Live…
Office Industry Experts See Mixed Uses as Key in City’s Core
‘Office industry experts see mixed uses as key in city’s core’ By Abrahan Galvan – Miami Today February 20th, 2025 Focusing on mixed-use projects that combine office space with residential, hotel, and other components is the trend to secure financing in the Brickell area, according to local office space developers. The key considerations for developers when deciding between mixed-use and office-only projects in the current market are that mixed-use projects that include residential components do…