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...]

Miami-Dade was hit very hard during the economic downturn, but now the county is starting to see a big turnaround, according to The Miami Herald. In February Miami-Dade gained jobs faster than any other Florida locale. Its commercial real estate turnaround outpaced the rest of the nation. Commercial real estate vacancy in the county has also declined for... [Read more...]

Downtown Miami is attracting a host of new residents and activity lately, even faster than expected. In fact, of the more than 23,500 units added to Miami since 2003, 85 percent of them are occupied, according to GlobeSt.com and based on a study the Downtown Development Authority commissioned. At this rate, the downtown area’s apartments and condos could... [Read more...]

Office vacancy dropped a bit in South Florida at the end of last year, according to the South Florida Business Journal and based on a report from Cushman & Wakefield. The vacancy in Miami-Dade County fell by 0.3 percent from the third quarter to the fourth quarter last year. Office leasing rose nearly 22 percent in 2010, reaching 2.6 million square feet.... [Read more...]

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