NEWS

South Florida’s Q3 Market Report Reveals Retail Market on Fire, Industrial Vacancies Remain at Historic Lows Q3 Office rents stay on upward trajectory, while multifamily transactions slow down amid rising interest rates…   MIAMI, FL (October 20, 2022) – Mirroring a national trend for he third quarter, South Florida’s retail market is benefitting from sharp vacancy declines and rent increases across the tri-county area, according to the latest Lee & Associates Q3 2022 market report…

DEVELOPERS ARE FINDING NEW PATHS TO MULTIFAMILY PROJECTS. Miami Today discusses the how developers are finding new paths to multifamily projects with Lee & Associates South Florida’s Multifamily Specialist, Matthew Jacocks.   October 13, 2022 By Abraham Galvan   As land continues to be scarce in Miami-Dade County, high construction costs are making developers find alternative ways to complete and deliver multifamily projects. The inability to get construction materials, appliances, and fixtures on time and…

Foreign CRE Investors Weigh Opposing Forces   Jeffrey Steele | October 11, 2022 While the strong dollar makes acquisitions costlier, the U.S. offers a safe haven from geopolitical upheaval.   International geopolitical and economic uncertainty has solidified the standing of the U.S. as a port in the storm for foreign investors in commercial real estate. History’s third-highest cross-border volume year came in 2021, when in spite of persistent pandemic-related angst $62 billion was invested in all U.S….

Matthew Rotolante, SIOR, CCIM honored as a 2022 GlobeSt Industrial Influencer. GlobeSt names their top picks for Industrial Influencer across US markets that serve the industry by navigating new trends in Industrial real estate.   September 2, 2022   The industrial asset class shows little sign of wear and tear, although it is equally true that the category is not surging as it did last year. That, though, is a function of the economy and…

MIAMI, FL (AUGUST 10, 2022) – Lee & Associates South Florida President Matthew Rotolante, and Vice President Conner Milford broker the sale-leaseback of an Industrial Warehouse located at 13281 NW 43rd Ave in Opa-Locka, Florida, North Miami-Dade County. The $4.5 million sale of the 28,341-square-foot building closed on August 1st. The brokers represented seller, Dube Holdings, LLC (d.b.a. Oceanview Window Coverings, Inc), in the sale-leaseback of the entire 28,341 SF building on 1.05 acre parcel….

  Matthew Katzen Shares Insight on Brickell Office Market Ken Griffin’s Citadel comes to Brickell — and supercharges the market. “The amount of wealth that’s coming… it’s going to be insane.”   August 2, 2022 Citadel ’s move is a big boost for the thesis that Miami’s brokers and developers have been touting since the pandemic began: that the region is becoming the “it” destination for blue-chip financial and tech firms. A wave of name-brand…

E-COMMERCE DRIVES DORAL COMMERCIAL MARKET THROUGH THE ROOF. Miami Today discusses the impact of E-Commerce in Doral with Lee & Associates South Florida’s Industrial Specialists, Conner Milford & William Domsky.   July 28, 2022 By Gabriela Enamorado   Doral’s commercial real estate business is booming with the help of e-commerce. Since the pandemic began, Doral’s commercial real estate demand has been increasing. The sales have never been busier due to online ordering. Commercial real estate…

FORT LAUDERDALE, FL (JULY 21, 2022) – Lee & Associates South Florida Principal Matthew Jacocks, Senior Vice President Matthew Katzen and Firm President Matthew Rotolante teamed up to broker the sale of a retail condominium on the ground floor of the 350 Las Olas Place high-rise in downtown Fort Lauderdale. The $3.6 million sale of the 7,060-square-foot unit closed on July 15. The brokers represented seller Georgia Notes 18, LLC in listing the 350 SE…

Miami Industrial Vacancies Reach Decade-Low, Out-of-State Investors Flood Multifamily Sector Office market faces uncertain future amid broader challenges, while local retail sector continues to outperform rest of nation   MIAMI, FL (July 20, 2022) – South Florida remains a hot target for commercial real estate investors from all over the nation, but supply constraints are a major challenge for the region’s key sectors according to Lee & Associates South Florida’s Q2 2022 market report. The…