commercial real estate news and press releases
South Dade: South Florida’s Frontier for Premier Business and Lifestyle It’s hard to deny the increasingly high rate at which South Florida is exploding in industry and population. With a prime geographic location that is easily accessible from domestic as well as international hubs in Europe, South and Central America, the Caribbean, and even Asia,…
For the first time, the average asking gross lease rate for warehouse space in Miami is now above the $10.00 per sq. ft. mark (but, just barely). Strong market forces and higher rents for new buildings have helped make this happen. Landlords will continue to push rates even higher, however this first quarter shows a…
2017 ends with about 1.9M sq. ft. of positive absorption. Over 3.6M sq. ft. of new warehouse space was delivered bringing our total inventory to 240M sq. ft. This being said, the overall vacancy rate slightly decreased to 4.0% and the average lease rate is at an all-time high at $9.76 per sq. ft. gross.…
Leased! The ComReal Miami-Doral Industrial Team is pleased to announce that they have successfully leased the Turnpike Logistics Center located at 3450 NW 115th Avenue in Doral, Florida. The warehouse measures 87,531 sq. ft. and was 100% leased to a single tenant. The lease value was about $3.5M. The non-disclosed client of ComReal is…
ComReal Miami – Doral, LLC is pleased to announce it concluded its 12,450 sq. ft. office space sublease assignment at the Federal Reserve Bank located at 9100 Doral Boulevard in Doral, Florida. The sublease is for a long term totaling over $1M. The Sub-Landlord was Claro Video, Inc. a multinational telecommunications company and the Sub-Tenant…
August 2017 – The ComReal commercial real estate team is pleased to announce the sale of The Redland Warehouse at 21150 SW 167 Avenue, Redland, Florida. The 55,600 sq. ft. packing and refrigerated warehouse sits on over four acres within the Redland agriculture district. The property closed for $3,445,000 or about $62 per sq. ft.…
Midyear into 2017 and the average rental rate for Miami warehouse space slightly increases… grudgingly. Although some landlords have been able to increase rates for their warehouses, tenants and their respective brokers fight to keep the average under $10.00 per sq. ft. Institutional landlords are fairly disappointed that rates have not increased higher as they…
ComReal Expands with Launch of third franchise in South Florida, ComReal Miami–Doral, LLC Doral, FL– ComReal, a leading commercial real estate company founded in South Florida in 1979 by Stephen H. Smith, has expanded operations with the opening of ComReal Miami–Doral, LLC. The new operation located at 2315 NW 107th Avenue, Suite #1M02, Mailbox…