News came out just today that piggy backs on our previous post on South Florida’s employment and job market showing improvement. An article posted by the Miami Herald reports that small business employment in Florida has increased by 0.5 percent, as shown by the Small Business Employment Index done by Intuit Inc. The small business employment growth trend... [Read more...]

South Florida’s unemployment rate fell last month from 11.5 percent down to 10.9 percent, according to the South Florida Business Journal. The change was due to a drop in the labor force and an increased number of people finding employment. The article breaks down the unemployment rate, number of people employed, and the labor force by county, including Miami-Dade,... [Read more...]

The Deep Dredge Project at the Port of Miami is expected to yield positive results for commercial real estate, and especially the office market, according to the South Florida Business Journal. In fact, Neisen Kasdin, vice chairman of the Miami Downtown Development Authority, told the Business Journal: “It will have a big impact on office occupancy, in bringing... [Read more...]

Just after discussing that many businesses are no longer looking to downsize, we also want to note that corporate real estate in Miami-Dade County is showing signs of stability, according to Miami Today. Although local vacancy has remained about 20 percent, the article reports: “Considering that 2 million square feet of added office space opened in the market... [Read more...]

Miami Today recently reported that companies are no longer hurrying to downsize, a trend that was prevalent during the economic downturn. Many businesses, in fact, are staying put while they wait to see if the economy continues to improve. And some companies---most notably in financial services---are even growing. Another widespread prediction during the downturn,... [Read more...]

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