“Back like a Phoenix”: South Florida office investment sales pick up, distress and discounts linger Deal volume topped $2B over past 12 months, a 28% uptick, year-over-year By Lidia Dinkova Research by Adam Farence November 6, 2025 South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic…
Lee & Associates South Florida Q3 Report: Industrial Market Continues Softening, Retail Remains Resilient
Lee & Associates South Florida Q3 Report: Industrial Market Continues Softening, Retail Remains Resilient Region’s office and multifamily sectors hold steady in third quarter of 2025 MIAMI, FL (October 23, 2025) – South Florida’s industrial market is far removed from its peak, as vacancies continued to rise during the third quarter of 2025, according to Lee & Associates South Florida’s Q3 2025 market report. The region’s retail sector maintained an extremely low vacancy…
Rising Coconut Grove office rental rates add to vacancies
‘Rising Coconut Grove office rental rates add to vacancies’ By Janetsy Lugo – Miami Today August 28th, 2025 Coconut Grove continues to draw office tenants to the area. However, the rise in rental rates has led to increased vacancies. “Overall, the market is still tight in comparison to the other submarkets,” said Bert Checa, a principal at Lee and Associates South Florida. ” It’s still the market with the lowest vacancy. However, the increases in…
Tenants Get Break From Soaring South Florida Costs With Rent Tax Repeal
‘Tenants Get Break From Soaring South Florida Costs With Rent Tax Repeal’ By Chloe Gallivan – BisNow August 20th, 2025 Companies leasing office, retail and industrial space in South Florida have endured some of the fastest-rising commercial rents in the nation, but starting in October, their real estate costs will actually go down. The state passed a law this summer that repeals its 2% annual tax on commercial rents, which takes effect Oct. 1. In…
Doral Commercial Real Estate Welcomes New Users, Vacancies Low
‘Commercial real estate welcomes new users, vacancies low’ By Janetsy Lugo – Miami Today July 24th, 2025 Doral’s commercial real estate remains strong as the city welcomes new users seeking its prime location. Doral’s commercial real estate has remained steady, said Carlos Villanueva, district sales manager for the Coral Gables and Coconut Grove office at the Keyes Company. Demand in the city remains strong due to its geography, access to roadways and agglomeration. “You look…
Lee & Associates South Florida Q2 Report: Industrial Vacancies Jump Significantly Year-Over-Year
Lee & Associates South Florida Q2 Report: Industrial Vacancies Jump Significantly Year-Over-Year Region’s office, multifamily and retail sectors maintain strength in second quarter of 2025 MIAMI, FL (July 22, 2025) – South Florida’s industrial market experienced a surge in vacancies during the second quarter of 2025, according to Lee & Associates South Florida’s Q2 2025 market report. The region’s office, multifamily and retail sectors largely mirrored year-over-year trends from the previous quarter, however.
Lee & Associates South Florida Brokers Off-Market Office Building Sale in West Palm Beach
WEST PALM BEACH, FL (June 12, 2025) – Lee & Associates South Florida Principal C. Todd Everett, SIOR, successfully closed the $6.5 million off-market sale of a West Palm Beach office building. Everett arranged the sale of Palm Beach Business Center on behalf of both the buyer and seller. EE Properties WPB LLC acquired the 801 Northpoint Pkwy. property from FLF 801 Northpoint LLC. Everett leveraged existing relationships with both sides to make the transaction…
Lee & Associates South Florida Q1 Report: Industrial Vacancies Surge, But Rents Hold Steady
Lee & Associates South Florida Q1 Report: Industrial Vacancies Surge, But Rents Hold Steady Region’s office, multifamily and retail sectors remain resilient in first quarter of 2025 MIAMI, FL (April 23, 2025) – South Florida’s industrial market experienced a major uptick in vacancies while avoiding rental rate compression during the first quarter of 2025, according to Lee & Associates South Florida’s Q1 2025 market report. The region’s office, multifamily and retail sectors demonstrated…
DOGE Federal Property Purge May Create Redevelopment Plays in South Florida
‘DOGE federal property purge may create redevelopment plays in South Florida’ A few government-owned sites are prime for new projects, but cutting nearly 100 leases is much trickier, experts say By Lidia Dinkova and Francisco Alvarado Research by Matthew Elo and Adam Farence March 6, 2025 Elon Musk’s purge of nationwide federal properties owned and leased by the U.S. government is causing ripples in South Florida’s commercial real estate market. Already,…