‘A good sign for renters? Competition may not be as fierce as before in South Florida’ By ABIGAIL HASEBROOCK – Sun Sentinel April 25, 2024 While home prices continue to soar, the rental market may be cooling down in South Florida, providing renters much-needed relief. The Miami-metropolitan area, which includes Miami-Dade, Broward and Palm Beach counties, saw the most significant decrease in the median cost of rent from the first part of 2023 to the…
Lee & Associates South Florida Completes Sale of Industrial Development Site in Miami
MIAMI, FL (April 24, 2024) – Lee & Associates South Florida brokered the $2.18 million sale of an industrial development site in Miami’s West Kendall area. Firm President Matthew Rotolante and Associate Rodrigo Calderon successfully marketed the property on behalf of the seller, a repeat client. Herko Automotive Group, Inc. sold the 1.65-acre site at 14241 SW 140th St. to Civic 140 Street LLC. The property is located near the Miami Executive Airport in the Tamiami…
Office tenants flow to Gables from higher-priced locations
‘Office tenants flow to Gables from higher-priced locations’ By Janetsky Lugo – Miami Today April 25th, 2024 Offices in Coral Gables are gaining popularity as neighboring cities’ leasing rates continue to increase. “Coral Gables being one of the major markets has been one of the lowest in increase on their rental rate for the past year or the last four quarters,'” said a principal at Lee and Associates South Florida, Bert Checa. “Every other…
Lee & Associates South Florida Welcomes Stephen DeMeo as Principal
MIAMI, Florida—April 23, 2024 — Lee & Associates South Florida significantly enhanced its retail leasing team with the addition of Stephen DeMeo as Principal. DeMeo focuses on retail leasing and has strong national tenant relationships. DeMeo brings a wealth of experience to Lee & Associates South Florida. He exclusively represents national retail brands across South Florida and New York. Past and present tenant representative clients include Citizens Bank, Home Depot, Hyatt Hotels, McDonald’s, Morton’s Steakhouse,…
Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors
Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors Local retail, office, multifamily and industrial markets continue to outperform national averages… MIAMI, FL (April 23, 2024) – South Florida’s commercial real estate market keeps outpacing the rest of the nation, even as the region is further removed from the pandemic-era frenzy of activity, according to Lee & Associates South Florida’s Q1 2024 market report. Vacancies stabilized in the local…
Apple office hub becomes year’s biggest deal
‘Apple office hub becomes year’s biggest deal’ By Janetsky Lugo – Miami Today April 23, 2024 Coral Gables continues to welcome world-recognized brands as Apple moves in The Plaza Coral Gables. “I think what’s exciting about Apple is that it is an expansion project,” said Mark Trowbridge, president and CEO of the Coral Gables Chamber of Commerce. “This comes on the heels of FIFA bringing their corporate headquarters here, which is a relocation project,…
Prime location drives Doral commercial realty boom
‘Prime location drives Doral commercial realty boom’ By Janetsky Lugo – Miami Today April 16th, 2024 Doral’s prime location continues to drive the city’s high demand for commercial real estate. “The demand in Doral has been steady for years,” said Lee & Associates Senior Vice President Conner Milford. “I haven’t seen any sort of real drop…” Doral is a premier location due to its proximity to PortMiami and Miami International Airport, Mr. Milford said….
Lee & Associates South Florida Completes Industrial Sale in Lake Worth Beach
LAKE WORTH, FL (March 28, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $4.07 million sale of an industrial building in Lake Worth Beach, Florida. The duo exclusively marketed the property on behalf of an existing client that it also represented in a Fort Lauderdale disposition last month. The freestanding industrial manufacturing facility at 1830 Second Ave. N. was sold for the full asking price. Milopoulos…
Lee & Associates South Florida Adds C. Todd Everett, SIOR as Principal
DEERFIELD BEACH, Florida—March 26, 2024 — Lee & Associates South Florida continued its trend of adding top talent to the market-leading brokerage’s team with the arrival of longtime industry veteran C. Todd Everett, SIOR, as Principal. Based in the firm’s Deerfield Beach office, Everett focuses on office and industrial investment sales and leasing. With nearly three decades of industry experience, Everett brings a breadth of knowledge and a wealth of expertise and dealmaking acumen to Lee…