Historically Low Industrial Vacancies, Brisk Leasing Activity in Region’s Office Market Multifamily rents continue to surge, while local retail sector outperforms national average MIAMI, FL (April 27, 2022) – Feverish demand is keeping supply levels tight across numerous South Florida commercial real estate sectors, according to Lee & Associates South Florida’s Q1 2022 market report. Most notably, the region’s industrial vacancies continue to reach historic lows – with available land for new construction at…
Lee & Associates South Florida Q1 Market Report: Historically Low Industrial Vacancies, Brisk Leasing Activity in Region’s Office Market
South Florida Is Experiencing an Industrial Boom Unlike Any Other
South Florida Is Experiencing an Industrial Boom Unlike Any Other. The region’s current boom might be the most impervious to broader cycle downshifts than any comparable period in South Florida’s history. Matthew Rotolante | Apr 18, 2022 As a fourth-generation South Florida native in a family that has actively participated in the market for nearly a century, I have first-hand knowledge of the roller coaster nature of the region’s real estate cycles. South Florida’s current…
Lee & Associates South Florida Adds Andrew Whitby as Senior Vice President
MIAMI, Florida—March 25, 2022 — Lee & Associates South Florida announces the addition of Andrew Whitby as Senior Vice President. Whitby bolsters the brokerage’s Industrial Sales and Leasing team, specializing in South Miami-Dade County submarkets. Whitby brings seven years of experience in both sales and leasing covering all areas of commercial real estate, including office, retail, apartments and a heavy focus in warehouse and industrial transactions. His extensive background in finance includes seven years working…
Multifamily Executive News Discusses Value-Add Activity in South Florida with Matthew Jacocks
BUY, IMPROVE, REPEAT: VALUE-ADD ACTIVITY REACHES A FEVER PITCH Rising prices and falling cap rates are driving investors to far-flung markets for the next hot deal. Call it the HGTV effect on the multifamily market. Late last year, San Antonio-based Lynd Living flipped an apartment building in just eight months for $15.5 million more than it paid. After spending $4 million on renovations and upgrades at Aqua Villa, a 280-unit garden-style community in Margate, Florida,…
Miami Today Discusses Doral Multi-story Warehouse Proposals with Matthew Rotolante
Multi-story Doral warehouses proposed Doral’s commercial industrial rental rates has seen a climb to the point where multi-story vertical warehousing projects are being considered, according to local real estate experts. The process of developing and planning vertical warehouses is more expensive for owners due to specific accommodations to operate, said Matt Rotolante, president of Lee & Associates South Florida. “In order for a multi-story warehouse, which has been feasible in New Jersey, ramps need…
Lee & Associates South Florida Principal, Aida Nolan-Rodriguez, Brokers Medical Office Condo Sale at the Minorca in Coral Gables
MIAMI, Florida—December 8, 2021 – Lee & Associates South Florida announces the sale of a Medical Office Condo located at 2030 Douglas Road in the prestigious Minorca building in Coral Gables, Florida. The unit was purchased in All Cash by Patricia Linares from Carlos Guerrero C&C Investments for $575,000 on December 6, 2021. Lee & Associates South Florida Principal, Aida Nolan-Rodriguez, represented both the Seller and the Buyer in the transaction. Aida joined Lee &…
Matthew Rotolante, SIOR, CCIM shares 2022 Market Insight with Bisnow for Industrial Sector
South Florida CRE Leaders on What’s To Come In 2022 The past two years have been hectic, to say the least, with the coronavirus pandemic upending lives and markets around the globe. Among the regions that fared better than others is South Florida, which emerged relatively unscathed. Regional commercial real estate experts are now looking ahead to 2022, and they spoke with Bisnow regarding what’s on tap for the new year. Lee & Associates South Florida President…
Lee & Associates South Florida Completes Several New Industrial Leases Totaling Nearly 150,000 SF
MIAMI, Florida—November 30, 2021 – Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in three large industrial leases totaling nearly 150,000 square feet in Broward County. The prolific brokers leveraged Lee’s national network to collaborate with out-of-state counterparts on the latest deals. In one transaction, Chadwell Supply leased 63,800 square feet at Miramar Distribution Center’s Building B in Miramar. Chadwell is a family-owned multifamily supply company headquartered in…
Lee & Associates South Florida Brokers Land Transaction for Las Vegas Developer’s First South Florida Multifamily Project
MIAMI, Florida—November 9, 2021 – Lee & Associates South Florida President Matthew Rotolante and Principal Matthew Jacocks represented both the buyer and seller in the sale of a multifamily development site near the Golden Glades Interchange in Miami-Dade County. The buyer, prominent Las Vegas-based developer Schulman Properties, will embark on its first South Florida rental project after acquiring the 4.04-acre site. Schulman purchased the 190 NW 162nd St. site from AR190 NMB, LLP for $5.32…