On May 6, 2019, ComReal attended the Planning Advisory Board’s public hearing regarding the proposed annexations of two areas within the Airport Palmetto Corridor – one by The City of Miami Springs and the other by The Village of Virginia Gardens. These high tax municipalities seek to offset their resident’s tax burdens by substantially increasing…Details
Miami Springs is once again attempting to annex portions of the Airport Palmetto Corridor. This time the area bounded by NW 74th Street Connector to the north, state Road 826 to the west, NW 36th Street to the south, and NW 67th Avenue to the east in under the threat of additional taxes. There…Details
Please watch our video on Miami’s industrial real estate market report for the 4th quarter of 2018. Thank you.
The Miami industrial market ends 2018 with a 4.0% vacancy rate and a $10.52 per sq. ft. average (gross) lease rate. There was 3,595,710 sq. ft. of positive absorption for the year; averaging about 1M sq. ft. per quarter is a sign that our market is relatively healthy. There was 4,398,422 sq. ft. of new…Details
What are Opportunity Zones? Created as a part of the Tax Cuts and Jobs Act signed by President Trump in late 2017. The purpose of the program is to encourage private long-term investment of capital gains funds in these zones by providing a tax incentive in qualified businesses and property in these areas. Who can…Details
Please watch our video on Miami’s industrial real estate market report for the 3rd quarter of 2018. Thank you.