NEWS

MIAMI, Florida—February 16, 2023 — Lee & Associates South Florida continues to attract talented commercial real estate professionals spanning all sectors. In the latest example, multifamily investment sales specialist Andy Hidalgo has joined the firm as Senior Vice President and will help grow its multifamily investment sales division in Florida and across the Southeast. Hidalgo arrives at Lee & Associates South Florida after serving as a Corporate Real Estate Advisor with a national commercial real estate…

SPECIAL REPORT #1: Tenants Are Leasing the New Buildings, but Can Lenders’ Concerns Slow Demand? February 13, 2023 By Melea VanOstrand   The pandemic changed the way many companies operate, and with remote work a norm for many, office buildings are facing a new challenge: how to attract workers back to the office. The office building that’s able to attract returning workers will have the most successful leasing numbers, according to Suzanne Amaducci-Adams, head of Bilzin…

WAREHOUSE SPACE DEMAND HIGH, VACANCY A RECORD LOW. Miami Today discusses the latest Industrial market trends with Lee & Associates South Florida’s Industrial Specialist, Conner Milford.   February 9, 2023 By Abraham Galvan   The demand for warehouse space in Miami-Dade County continues to be competitive and property is scarce, according to local industrial real estate experts. The county’s warehouse industry is currently in a land-constrained market and that continues to really fuel the price…

South Florida’s Q4 Market Report Shows Industrial Rents Surge, Multifamily Vacancies Creep Up Local retail and office sectors continue to see rent and occupancy growth year-over-year…   MIAMI, FL (January 23, 2023) – South Florida’s industrial market does not appear to be cooling off from its historic run of record-low vacancies and rent growth, according to Lee & Associates South Florida’s Q4 2022 market report. The multifamily sector is beginning to see some softening as…

MIAMI, FL (JANUARY 9, 2023) – Lee & Associates South Florida Senior Vice President Andrew Whitby closed out 2022 on a high note, brokering the sale of an industrial warehouse and storage yard assemblage in South Miami-Dade County. Whitby represented the seller and successfully procured the buyer in the deal. The $2.4 million transaction closed on Dec. 21. Wolmers Group, LLC sold the 10460 SW 187 Terrace assemblage to South Florida Auto Recovery Group. The buyer…

MIAMI, FL (NOVEMBER 17, 2022) – Lee & Associates South Florida Principal Matthew Jacocks demonstrated his multifamily dealmaking prowess by representing both sides of the sale of a Lauderhill apartment development site. Jacocks is also partnering with veteran developer Yury Gnesin in the 441 Arthouse project to be constructed on the site. The $7 million transaction closed on Nov. 17. The seller of the 1901-2051 N. State Road 7 site is 2001 Property Ventures, LLC….

Higher Borrowing Costs Cool South Florida’s Sizzling Multifamily Market Buyers are offering less, lenders are pulling back, and developers are slowing down By Mike Seemuth  –  Commercial Observer November 14, 2022   South Florida has been one of the hottest rental housing markets in the nation. But even in sunny Miami-Dade, Broward and Palm Beach counties, higher interest rates have cast a shadow on debt-funded acquisitions of apartment buildings and multifamily development. Despite the fundamental strengths of…

HIGH-END EXECS, YOUNG WORKERS SPUR MIAMI BEACH OFFICES. Miami Today discusses the latest Miami Beach office market trends with Lee & Associates South Florida’s Multifamily Specialist, Matthew Katzen.   November 9, 2022 By Abraham Galvan   A young employment base, high-net-worth executives and boutique-size companies are driving the office space market in Miami Beach, according to local real estate experts. Hedge funds, tech companies, real estate companies and private equity firms are relocating or opening…

Rising interest rates slow apartment deals across South Florida By Erik Bojnansky  –  Reporter, South Florida Business Journal Oct 24, 2022   Rising interest rates are making it difficult for developers to build more apartments and investors to close on multifamily building deals. Matthew Jacocks, principal of Lee & Associates Commercial Real Estate Services’ South Florida office, said rents will likely remain high and vacancies low as more people move from other parts of the nation to South…