New exclusive listing! 14.6 commercial acres for sale located at 601 NW 3rd Avenue in Florida City, Florida. The site is on Krome Avenue (US Highway 27) just off of Highway US 1 and the Florida Turnpike. This commercial development opportunity is ideal for retail, office, mixed-use, entertainment and more! Neighbors include Walmart, Home Depot,…
Florida International University (FIU) hosted its Spring 2018 Real Estate Speaker Series on May 15th, 2018. This time, it focused on the state of the Industrial Real Estate in Miami and career advice for starting in commercial real estate. The panel was moderated by Professor Suzanne Hollander. Ed Redlich and Edison Vasquez from ComReal participated…
June 2018 – ComReal Miami-Doral is pleased to announce the sale of an eight acres site located at 7290 NW 77 Court in Miami on the Palmetto Expressway near Miami International Airport. The sales price was $5,500,000 (about $700,000 per acre or $16 per sq. Ft.) The sellers, the Diaz family, wisely chose to dispose…
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…
The Miami Industrial Team at ComReal announces the completion of a long-term lease for the +/-47,500 Sq. Ft. building known as the Gratigny Warehouse at 3360 NW 110th Street in Miami, Florida in Seaboard Industrial Park. Only six months after being sold and having gone through renovations, the building will now be occupied by HardTen…
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.…
The Miami Freezer Warehouse is now for sale! This is one of the largest warehouses in Miami now listed on-the-market for sale. The property’s freezers and coolers make it ideal for the perishables industry. However, it could also be great for dry distribution and/or manufacturing. Investors may appreciate that the property is multi-bay and that…