Lee & Associates South Florida Q2 Report: Industrial Vacancies Jump Year-Over-Year Local retail, office and multifamily markets maintain performance in second quarter of 2024… MIAMI, FL (July 26, 2024) – South Florida’s industrial market experienced a sharp year-over-year increase in vacancies, according to Lee & Associates South Florida’s Q2 2024 market report. The local retail, office and multifamily sectors largely held steady during the second quarter of 2024, however, as the region continues to…
Lee & Associates South Florida Welcomes Oscar Musibay as Vice President
MIAMI, Florida—July 8, 2024 — Lee & Associates South Florida strengthened its team of office real estate specialists with the arrival of Oscar Musibay as Vice President. Based in Miami, Musibay focuses on office landlord agency and tenant representation throughout the tri-county area. Musibay will work closely with Lee & Associates South Florida Principal Bert Checa, who heads up the firm’s Office Landlord Agency and Tenant Representation team. He is a distinguished commercial real estate…
Office tenants flow to Gables from higher-priced locations
‘Office tenants flow to Gables from higher-priced locations’ By Janetsky Lugo – Miami Today April 25th, 2024 Offices in Coral Gables are gaining popularity as neighboring cities’ leasing rates continue to increase. “Coral Gables being one of the major markets has been one of the lowest in increase on their rental rate for the past year or the last four quarters,'” said a principal at Lee and Associates South Florida, Bert Checa. “Every other…
Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors
Lee & Associates South Florida Q1 Report: Vacancies Stabilize in Key Real Estate Sectors Local retail, office, multifamily and industrial markets continue to outperform national averages… MIAMI, FL (April 23, 2024) – South Florida’s commercial real estate market keeps outpacing the rest of the nation, even as the region is further removed from the pandemic-era frenzy of activity, according to Lee & Associates South Florida’s Q1 2024 market report. Vacancies stabilized in the local…
Apple office hub becomes year’s biggest deal
‘Apple office hub becomes year’s biggest deal’ By Janetsky Lugo – Miami Today April 23, 2024 Coral Gables continues to welcome world-recognized brands as Apple moves in The Plaza Coral Gables. “I think what’s exciting about Apple is that it is an expansion project,” said Mark Trowbridge, president and CEO of the Coral Gables Chamber of Commerce. “This comes on the heels of FIFA bringing their corporate headquarters here, which is a relocation project,…
Lee & Associates South Florida Adds C. Todd Everett, SIOR as Principal
DEERFIELD BEACH, Florida—March 26, 2024 — Lee & Associates South Florida continued its trend of adding top talent to the market-leading brokerage’s team with the arrival of longtime industry veteran C. Todd Everett, SIOR, as Principal. Based in the firm’s Deerfield Beach office, Everett focuses on office and industrial investment sales and leasing. With nearly three decades of industry experience, Everett brings a breadth of knowledge and a wealth of expertise and dealmaking acumen to Lee…
Lee & Associates South Florida Q4 Report: Vacancies Climb in Industrial and Multifamily Sectors
Lee & Associates South Florida Q4 Report: Vacancies Climb in Industrial and Multifamily Sectors Local office and retail markets hold steady amid broader real estate and economic headwinds… MIAMI, FL (January 30, 2023) – South Florida’s industrial and multifamily markets saw notable year-over-year increases in vacancies, according to Lee & Associates South Florida’s Q4 2023 market report. The region’s office and retail sectors managed to keep vacancies in check, with the office market bucking…
Class A Office Properties Still In Demand In South Florida
Defying Gravity: Why Many Industry Insiders Have Faith in Class A Office By Erik Bojnansky – South Florida Business Journal January 4, 2024 The migration of out-of-state businesses to South Florida during the pandemic triggered a hunger for quality office space that can attract both clients and talented employees. Yet with numerous companies scaling back on the size of their spaces, some industry insiders believe that South Florida’s office rents may have hit…
Limited availability keeps Grove’s office market strong
‘Limited availability keeps Grove’s office market strong’ By Janetsky Lugo – Miami Today January 4th, 2024 Coconut Grove office occupancy rates and demand arc holding strong, driven in part by the area’s limited availability of office space. The Grove’s lack of new office space development continues to contribute to South Florida’s lowest office submarket vacancy percentage, which in December was 3% vacancy in Class A and B space combined, said Bert Checa, a principal…