‘Office industry experts see mixed uses as key in city’s core’ By Abrahan Galvan – Miami Today February 20th, 2025 Focusing on mixed-use projects that combine office space with residential, hotel, and other components is the trend to secure financing in the Brickell area, according to local office space developers. The key considerations for developers when deciding between mixed-use and office-only projects in the current market are that mixed-use projects that include residential components do…
Lee & Associates South Florida Closes Sale of Mixed-Use Coral Way Property in Miami
MIAMI, FL (February 12, 2025) – Lee & Associates South Florida Principal Todd Cohen successfully represented the seller, H Atreides LLC, in the $1.85 million sale of a prime mixed-use office and multifamily property at 2464 Coral Way, Miami, FL 33145 to buyer 2464 Coral Way LLC. Despite prevailing market challenges, this sale represents nearly $470 per square foot exceeding market trends and expectations. Cohen effectively positioned the property to attract the most strategic buyer,…
Lee & Associates South Florida Q4 Market Report: Local Retail, Office Sectors Maintain Strength
Lee & Associates South Florida Q4 Report: Local Retail, Office Sectors Maintain Strength Region’s multifamily and industrial sectors continue softening trend in fourth quarter of 2024 MIAMI, FL (January 27, 2025) – South Florida’s retail and office markets kept shining – especially in comparison to the rest of the nation – during the fourth quarter of 2024. On the flip side, the region’s multifamily and industrial sectors continued a softening trend from the…
Tight Coconut Grove office market keeps rents rising
‘Tighter Beach Office Market Seeing Record-Breaking Rates’ By Janetssy Lugo – Miami Today December 30th, 2024 Office space in Coconut Grove remains in high demand as low vacancy rates reflect the limited amount of space available. Bert Checa, a principal at Lee and Associates South Florida, says the vacancy rate in Coconut Grove is 2.75% and the average rental rate for Class A and Class B office spaces combined is $70 per square foot. Impacting…
Celebrating 20 Years of Excellence: C. Todd Everett, SIOR, Marks a Major Career Milestone
MIAMI, Florida—December 10, 2024 — Lee & Associates South Florida is proud to celebrate C. Todd Everett, SIOR, on his 20-year anniversary as a distinguished member of the Society of Industrial and Office Realtors (SIOR). Since earning this prestigious designation in 2004, Todd has exemplified excellence in the commercial real estate industry, specializing in office and industrial investment sales. His nearly three-decade-long career is marked by significant achievements and an honorable reputation in the marketplace….
Tighter Beach Office Market Seeing Record-Breaking Rates
‘Tighter Beach Office Market Seeing Record-Breaking Rates’ By Abrahan Galvan – Miami Today November 14th, 2024 The Miami Beach office space market is seeing record-breaking asking rates, according to local office leasing experts. The asking rent rate in Miami Beach right now is as high as $120, which is an almost 30% increase year-over-year, said Stephen Rutchik, the vice chairman of office services at Colliers International. “We’re seeing continued growth in the rental rate market,…
Lee & Associates South Florida Q3 Report: Office Market Demonstrates Resilience Amid National Slowdown
Lee & Associates South Florida Q3 Report: Office Market Demonstrates Resilience Amid National Slowdown Local multifamily and industrial sectors soften in third quarter of 2024, while retail maintains strong performance… MIAMI, FL (October 23, 2024) – South Florida’s office market is not experiencing the doom and gloom reported in other parts of the country, according to Lee & Associates South Florida’s Q3 2024 market report. The local multifamily and industrial sectors saw sharp vacancy…
Lee & Associates South Florida Welcomes Accomplished Commercial Real Estate Broker Team, Sebastian Misiewicz and Ethan Amar
MIAMI, Florida—September 4, 2024 — Lee & Associates South Florida made another significant addition to its expanding roster of talented commercial real estate brokers with the arrival of a team led by new Principal Sebastian Misiewicz. The industry veteran is joined by Associate Ethan Amar. The brokers will split time between the firm’s Miami and Deerfield Beach offices. Before Lee & Associates South Florida, Misiewicz was a Senior Associate at CBRE. His impressive career also includes…
Doral gaining during nation’s commercial realty dip
‘Doral gaining during nation’s commercial realty dip’ Doral’s commercial real estate defies national trends and continues to showcase high demand.. By Janetssy Lugo – Miami Today July 23, 2024 Doral’s commercial real estate defies national trends and continues to showcase high demand. “Viewing commercial real estate overall, even on a national scale,” said Matthew Rotolante, president and broker at Lee and Associates South Florida, “I would say Miami, Doral included… is somewhat resilient in…