Pedro Martin

Although each location offers some unique topographical and infrastructure characteristics, commercial real estate in South Florida still follows and is informed by some of the trends around the country. The sunny side of the state can expect to sustain the bright outlook, according to experts, if certain things are put into perspective. Net absorption, in general, has been leaning toward the positive since last year and the only time absorption rate drops is when the reality of fewer supplies set in. Given that net absorption measurements aid in knowing more about the relationship between supply and demand in real estate, it is important for tenants and developers to evaluate these things for them to have a finger on the pulse of market movements. Image source : terragroup.com Before the end of last year, there was a sudden demand for offices, industrial, and retail spaces that provided the necessary boost for the following year’s momentum. The supply shortage ...

One of the main concerns of homebuyers in South Florida is the price spike in the local home real estate market. For a time, wealthy foreigners were making purchases left and right while locals, especially those with minimal educational background, were having a hard time finding the perfect budgetary fit when breaking the bank was not an option. Potential homebuyers from other states have also been added to the competition mix. Even with near-steep pricing, the deal for South Florida remains relatively attractive compared to other global centers with prices closer to exorbitant levels. The lifestyle experience is also what South Florida is selling. The thriving cultural, gastronomic, and events scenes helped in the creation of South Florida’s reputation. Image source : terragroup.com Favorable conditions might help local buyers, especially if the dollar stays strong, incomes increase, and the pricing pressures ease up. The only problem one might encounter woul...