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Since the 2017 Tax Cuts and Jobs Acts, South Florida has seen a surge in the amount of new financial services companies expecting to reinvent the region as a major finance and global business center, sizing up to New York and Chicago. Local economic development agencies have been anticipating this transformation, with the Miami Downtown Development Authority and the Business Development Board of Palm Beach County actively recruiting hedge funds, private equity firms and wealth…

MIAMI, Florida—November 7, 2019—Lee & Associates South Florida, the largest broker-owned national commercial real estate firm in North America, announces the 10-year lease of an office and commercial kitchen property near Miami’s trending design district at 4200 NW 2nd Ave, Miami, FL 33127. The space consists of approximately 4,200 SF of building at the corner of NW 2nds Ave and NW 42nd Ave. Lee & Associates South Florida Vice President, Calum Winsor, represented the Tenant,…

Lee & Associates was recently named #9 overall in the 2019’s Most Powerful Brokerage Firms ranking by Commercial Property Executive and #6 in Leasing. Congratulations to all of our offices and brokers throughout North America, this could not have been achieved without everyone’s dedication and hard work!

The National Association for Industrial and Office Parks (NAIOP) has been lobbying to eliminate sales tax on Florida commercial leases. Currently, Florida remains the only state to charge sales tax on commercial leases which is applied not only to base rent, but also to any common area maintenance, property taxes, and other charges required under a lease as a condition of occupancy. In an effort to help make Florida more competitive and attractive for businesses,…

Industry experts and research analysts have been telling Globest.com for some time now about the high demand and strong fundamentals that now exist in the South Florida real estate market. For example, Calum Weaver, executive managing director of Cushman & Wakefield’s capital markets division in South Florida and the leader of its multifamily investment properties team, recently said, “The South Florida multifamily fundamentals are and will continue to remain strong.  Population/household growth, lower homeownership rates, higher…

Should the State of Florida and local governments be offering tax breaks and incentives to lure businesses? For answers to that question from prominent South Florida CEOs, CLICK ON THE HEADLINE

The current economic upswing will officially celebrate its 10th anniversary in the first quarter, which is prompting some in the commercial real estate industry to take a hard look at where the economy and finance might be headed. A new report written by CCIM Economist K.C. Conway suggests that there could very well be a disruption ahead in commercial real estate finance—even if it’s a minor one—within the next 6 to 18 months. The results…

The program allows developers or investors to delay and potentially forgo paying some capital gains taxes if they invest in an opportunity zone for at least 10 years.

Real estate economists continue to have a generally bullish outlook for the U.S. economy, capital markets, and real estate fundamentals. Overall, expectations have improved since the prior forecast in March 2018, and the strong second-quarter gross domestic product (GDP) growth rate of 4.2 percent was fresh in forecasters’ minds as they weighed in on future years. Based on this forecast, the U.S. economy will easily surpass the current record for length of expansion (120 months)…