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Miami's Commercial Real Estate Sector Continues To Attract Investments
The general definition of commercial real estate commonly involves referring to a vast array of office buildings, licensed brokers, available listings, company agents, sale prices, high rise leases, loans agencies, developer conditions, offices, spaces with views, for sale listings, special sales on office rooms, lending agents, appraisal companies, leasing terms, public parks and auction prices for land.
The Miami commercial real estate scene, and the whole of South Florida as well, continues to be buoyant despite the wrath brought about by the mortgage crisis. While the residential market continues to get a beating, the commercial property markets, although also feeling the brunt, continue to attract buyers, and does not succumb to the pinch caused by rising mortgage rates, foreclosures and falling median home values, owing to the fact that commercial real estate investors tend to be larger firms or investment trusts, and not individual home buyers. Miami-Dade Office Markets Continue To Be Attractive The softer demand seen today in the office space market will, according to analysts, result in a higher vacancy rate and a more moderate pace of rental growth in Miami-Dade County this year, although overall conditions will remain relatively healthy, based on the 2008 National Office Report by ... more
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