The National Association for Industrial and Office Parks (NAIOP) has been lobbying to eliminate sales tax on Florida commercial leases. Currently, Florida remains the only state to charge sales tax on commercial leases which is applied not only to base rent, but also to any common area maintenance, property taxes, and other charges required under a lease as a condition of occupancy. In an effort to help make Florida more competitive and attractive for businesses,…
Lee & Associates South Florida Announces 47,200 SF Lease with SFS Events
MIAMI, Florida—May 23, 2019—Lee & Associates South Florida, the largest broker-owned national commercial real estate firm in North America, proudly announces the lease of an industrial space located at 3545 NW 112th Street, Seaboard Industrial Park, Miami, FL to SFS Events, LLC. Lee & Associates South Florida President, Matthew Rotolante, SIOR, CCIM, and Associate Conner Milford represented SFS Events, LLC. Locating a space large enough that was willing to accept a shorter term lease was…
Lee & Associates South Florida Announces the Addition of Conner Milford to Their South Florida Industrial Team
MIAMI, Florida—May 21, 2019—Lee & Associates South Florida, the largest broker-owned national commercial real estate firm in North America, announces the addition of Conner Milford as Associate specializing in Industrial Sales and Leasing. With South Florida’s industrial sector showing strength in the current market cycle, Lee & Associates South Florida is elated to be adding another strong professional to its Industrial Team. Prior to joining Lee & Associates South Florida, Conner worked on the real…
USTR Takes First Steps in Implementing Tariffs on $300B in Chinese Imports
What has been discussed for months as trade tensions continue between the US and China has now reached the first steps in a formal process for the US Trade Representative (USTR) to implement tariffs on $300B in Chinese Imports. The USTR released a proposed list of Chinese goods last week, which according to SupplyChainDive represents nearly every remaining untaxed good imported from China. Items on the 137 page list could be subject to duties of…
Demand on the Rise for Class A Industrial Development in Homestead, FL
South Florida’s Homestead submarket may be seeing a rise in Class A industrial development as demand for product continues to increase. The region has seen tremendous growth in population, commerce and infrastructure development and is located in an advantageous distribution point to service both Southern Miami-Dade County and the Florida Keys. The area hasn’t seen much industrial activity since the Great Recession as most developers focused on existing industrial markets such as Miami’s Airport Industrial,…
Lee & Associates South Florida Announces the Promotion of Victor Pastor as Principal
Lee & Associates South Florida, one of the largest agent-owned national commercial real estate firms, has announced that Victor Pastor has been promoted to Principal with the Lee & Associates South Florida Office. Victor Pastor joined the new Lee & Associates office in South Florida in August of 2018 as Senior Vice President of Retail Investment Sales with the goal of earning Lee & Associates’ highly coveted status of Principal in the firm. Achieving the…
New Kohler Signature Store Has a Successful Grand Opening in Pinecrest, FL
Lee & Associates South Florida, the largest agent-owned national commercial real estate firm, proudly announces the Grand Opening of South Florida’s first Kohler Signature Store located at 10025 S Dixie Hwy in Pinecrest, FL, just a few blocks south of Dadeland Mall. Matthew Rotolante, Victor Pastor and Nicole Messer represented the property owner, Trimline Design Center, who has operated their business out of this property since 1964. They had plans to divide their building into…
South Florida’s Industrial Market Prices Cooling After 2018 Surge
South Florida’s hottest asset class may finally be cooling down. Here’s a quick update on the status of South Florida’s Industrial Market: Vacancy rates increased and rental rates decreased for industrial properties in some parts of South Florida in the first quarter, according to a recent report from Colliers International South Florida. Some experts project that the industrial market is due for a correction after prices have skyrocketed and inventory has soared. While many segments…
2019 Baynanza Beach Cleanup and Team Picnic!
Saturday April 13th, 2019, the Lee & Associates South Florida Team got together to give back and participate in Miami-Dade County’s annual Baynanza Biscayne Bay Beach Clean Up event. We had the opportunity to come together with our community to remove trash and debris on Virginia Key Beach, which only weeks prior had hosted the famed Ultra Music Festival. The Team started the day at 9 am, getting registered and then set-off on our cleanup,…