A concept called the Rule of 1.5 finds that transportation issues impact real estate 1.5 years later. In other words, the concerns specific to the supply chain sector today, will be addressed by industrial real estate over the next 18 months with every year having a new wrinkle.
Considered one of the most sought-after areas in Miami-Dade County, Doral’s commercial and industrial real estate remains strong due to its proximity to Miami International Airport, The whole city is enjoying about 95% commercial real estate occupancy for the second quarter of the year, with some space asking rates at $55 to $65 per square foot.
Green Street has revised upward its net operating income (NOI) forecast for cold storage, mall, and industrial while cutting its single-family rental (SFR) estimates, according to its recently released 2023 Commercial Property Outlook. Higher cap rates (i.e., lower real estate prices) plus some relief on the interest rate front has improved the valuation picture for
After receiving unsolicited offers to buy its 8.6-acre industrial site in Medley last year, KDD Properties decided to list it and see how many institutional investors would line up with competitive bids. “There were no less than 25 offers from various public and private pension funds and institutional investors,” Sky Groden of JLL, which marketed