The new year has started very strong for the Miami industrial real estate market. The average lease rates have already increased to $8.53 per sq. ft. and the average vacancy rate fell to 5.2%. The net absorption for the 1st quarter was an astounding 1.4M square feet. The largest lease so far this year was…
We think globally when it comes to business! Miami commercial real estate is often at the center of international trade and business, which is why we have attended several overseas trade missions over the years. Traveling abroad has enabled our team to understand how difficult it can be when entering a foreign country and dealing…
The CCIM Miami 2014 Commercial Real Estate Outlook Conference was held on Wednesday, January 22nd, in Coral Gables, Florida. About 300 professionals joined to listen to various presentations on commercial real estate. Ed Redlich, CCIM delivered the presentation on the Miami industrial real estate market. His presentation can be viewed at CCIM Miami 2014 Industrial…
Mr. Edison Vasquez was born in Ecuador, South America. He moved to Florida in the year 2000. He attended Florida Gulf Coast University (FGCU) and graduated with a Bachelor’s in Finance. Later, he earned his graduate degree in International Real Estate from Florida International University (FIU) in 2008. Edison has always had a passion for…
Christopher Spear brokers the sale and leasing of industrial property in Miami-Dade County. He has lived in Miami for nearly 20 years and has an expertise knowledge of the area. He specializes in landlord, buyer & tenant representation, lease and purchase negotiations and site selections for Miami industrial real estate properties. Chris has represented businesses…
Is there a Miami warehouse construction “boom” as the Miami Herald reports?! Are we in an “industrial real estate revolution” as The Real Deal – South Florida Real Estate News states?! Ed Redlich, ComReal’s Miami industrial real estate expert, joins Peter de la Torre on his radio show on 880 AM. Listen to them discuss the new warehouse construction…
Miami-Dade County experienced another very strong quarter increasing the total positive absorption of warehouse space to over 1,000,000 sq. ft. at the mid-year mark. The vacancy rate is now 7.1% which is down from 7.5% in the past quarter. The average lease rates have increased slightly to $7.42 psf. There are six warehouse buildings totaling nearly one million…
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