Posts Tagged ‘miami commercial real estate’

Join Ed Redlich and other leaders of Miami’s commercial real estate organizations on April 13th, 2010 at 7:45 PM at Florida International University’s main campus located at 11200 SW 8th Street, Miami, Florida 33199 in the MARC Pavilion. Hosted by FIU Real Estate Student Association (FIU RESA).

Each speaker will present the commercial real estate organization in Miami that they have taken a leadership role in. The speakers are Ed Redlcih of CCIM Miami; Joseph Hartzell of Joseph Blake Associates; Rod Castran of International Council of Shopping Centers (ICSC); Marty McGrogan of National Association of Industrial and Office Properties (NAIOP); Paul Cauchi of Realtors Commercial Alliance (RCA); and Steven Hurwitz of Urban Land Institute (ULI).

To register, visit www.FIU-RESA.com and/or contact Dan Berkovitz, FIU RESA at 305-482-3862.

Would you like to attend and/or advertise your business to 250 professionals at the premier commercial real estate event of the year?! If so, please review the brochure below for The 2010 CCIM Outlook Conference and visit www.MiamiCCIM.com.

As President for 2009, I want to extend an opportunity to showcase your Company in front of the CCIM community, the most qualified commercial Realtor group in the country.

A Certified Commercial Investment Member (CCIM) is an internationally recognized expert in the disciplines of commercial and investment real estate. A CCIM is an invaluable resource to the commercial real estate owner, investor, and user, and is among an elite corps of more than 9,000
professionals who hold the CCIM designation across North America and more than 30 countries. With 12 CCIM regions representing 1,000 cities, CCIM regions and chapters provide designees and candidates the opportunities to promote business and educational goals through local and regular forums and meetings. CCIM is able to achieve continued success through our Chapter sponsors such as Daily Business Review and Realtors Commercial Alliance (RCA) to name a few.

We are planning an active year for 2010 focusing on hosting several industry events and asking that you consider sponsoring one or more of these CCIM events. One of our first CCIM events on January 20, 2010 is the CCIM Real Estate Outlook Conference with a three-year track record and over 200 high profile real estate professionals in attendance each year. It is the most informative, comprehensive and valuable forecast you can attend for up to date information and predictions for 2010. As a sponsor, you will have the opportunity to talk to hundreds of prospective business partners, forge new relationships, and initiate new business! This event attracts key real estate professionals and many non-CCIM associates who are also experts in their respective fields. The event is to be hosted at the Riviera Country Club in Coral Gables and offers various Sponsorship levels including a $1,500.00 Silver option, a $3,000.00 Gold option or a $6,000.00 Platinum option. Please refer to the attached Sponsorship Package Benefits flyer for additional information.

In addition we also offer other exciting CCIM events throughout the year including Career Fairs, International Conferences, and CCIM Institute Events. Once a quarter, we host a guest speaker to discuss “hot” topics relevant to commercial real estate. Our average attendance to these
events is over 30 attendees. For $250.00 you are able to present your products or service to the leaders in our market in a face-to-face setting.

Your sponsorship enables us to continue providing the highest quality of marketing and networking opportunities, services, and education that will enhance our designees’ and candidates’ ability toconduct business successfully.

If you are interested in sponsoring any of our CCIM events, please contact Paul White, CCIM at (305) 270-0710 or Tony Puente, CCIM at (305) 668-0620. Thank you to all of our previous sponsors, potential sponsors and to your dedication to CCIM. We look forward to working together with you in 2010 and achieving a successful year!

Best Regards,

Edward J. Redlich, CCIM
President 20009
Miami Dade/Monroe District

 

Due to recent negative press, it is especially important in this particular quarterly report to distinguish the industrial market from Miami’s overall commercial real estate market (i.e. office, retail, multi-family, etc.) Financing remains a challenge for all commercial properties and businesses. Miami has about 245M square feet of total warehouse space. The vacancy rate rose slightly to 10% and lease rates fell slightly to $7.65 per square foot gross. By comparison, both of these stats happen to be about equal to the national averages. These figures are not all that bad considering we are in a national recession; things could be worse. However, in an effort to retain and attract prospective tenants, the more aggressive landlords further reduced their lease rates, offered free monthly rents and tenant improvement allowances.

Although the past three quarters have been very poor, there were three positive signs this 3rd quarter. First, overall activity and closed deals have significantly increased. ComReal reports 15 transactions all over 25,000 sq. ft. Secondly, there is only about 200,000 sq. ft. of warehouse space under construction right now which will improve absorption. Thirdly, national and local exports are on the rise partly due to the lower dollar value and higher standards of living across the globe. More exporting means more warehouse space in Miami. These three facts may give indication that Miami’s industrial market has the potential to rebound faster than all other commercial property types.

For more information, please feel free to contact us anytime at 786-433-2379 or email. We look forward to the opportunity to discuss your plans for 2010 and beyond.

Click chart for full image on Miami’s Industrial Real Estate Stats for 3rd Quarter 2009 (Source: CoStar Realty)>>>

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ComReal’s New Listings on the Market!

 

The Palmetto Warehouse located at 1401 NW 78th Avenue in Doral. The total size is 82,500 sq. ft. with 15,000 sq. ft. office space. The features include: dock level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport; and frontage on the Palmetto Expressway. For lease for $7.00 psf gross with purchase option. Visit www.WarehouseOnPalmetto.com.

Miami Cooler Warehouse located at 6901 NW 41st Street in Miami. The total size is 15,000 sq. ft. with 1,800 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport and major expressways. This property is ideal for food, beverage and flower distribution. For sale for $1,800,000 (or $118 psf).

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Florida City Warehouse located at 30 NW 12 Street in Florida City near Homestead. The total size is  20,687 sq. ft. with 2,000 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; and more. For sale for $2,200,000 (or $ 106 psf).

Warehouse Buildings Sold by ComReal in 3rd Quarter

RE Events of the 3rd Quarter

There were no major industrial real estate events this quarter due to the summer season. However, ComReal will be  reporting on the following events in our year end report.

November 4th
Air and Sea Cargo of the Americas 2009
Miami, Florida, USA

 

October 29th
The SIOR World Conference
Toronto, Canada

October 16th
CCIM Success Series 2009
Honolulu, Oahu, Hawaii

ComReal News!!!

ComReal radio ad – just released! Be one of the first to hear it and be guided to a new website for www.ComRealWarehouses.com. There you will find more information the ComReal Miami warehouse market. This ad will air regularly on 880 AM The Biz Radio during The Neal Asbury Show every Friday from 5 to 6 PM. Checkout the website on his show at www.TheNealAsburyShow.com which discusses the topics of international trade, manufacturing, import/exporting, and more.  Click here to Listen >>>

Michael Weihl leads The ComReal Companies Business Division with the launch of his new website at www.MichaelWeihl.com. If you are interested in acquiring or disposing of an existing business opportunity, please consider contacting Mr. Weihl for a confidential consultation at 786-433-2503 or email.

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Sources: CoStar Realty, CIASF, SIOR, CCIM, Beacon Council and The ComReal Companies

ComReal Miami commercial real estate recommends service provider, Mr. Martin Marquez, architect of Urbanworks in Miami. Mr. Marquez has over 25 years working with Miami’s commercial real estate properties. He has a Masters Degree in Architecture from the University of Florida (UF) and is a member of the American Institute of Architects (AIA). Call 305-887-4902 or visit www.UrbanWorks.net.

Some of Urbanwors Miami industrial warehouse properties include a 100,000 sq. ft. warehouse in Doral for Miami International Forwarders (photo below); a 30,000 sq. ft. Doral warehouse for Saez Refrigeration in Miami and Sweet Paper Sales Corporation warehouse in Hialeah of 300,000 sq. ft.