Getting in the Heads of Industrial Tenants
An excess of supply in some industrial markets has led to more rentable options and more favorable leasing terms for tenants. With new construction starts taking a more than 70 percent dive since early 2022, however, according to a 2023 Savills report, demand is likely to quickly outpace new deliveries. Until then, tenants have their […]
Self-Storage Owners Expand Portfolios, Renovate Existing Properties
Nearly one-fifth of Americans rent self-storage space, according to a recent study conducted by StorageCafe, an online platform that provides storage unit listings across the nation. Owners and operators of the property type are keen to capitalize on the strong demand. According to StorageCafe, the total amount of new storage space delivered in 2023 reached 49 million […]
Agora Real Estate Group secures another 56,000 SF Lease in Medley
Elias G. Patsalos, CCIM from Agora Real Estate Group represented their logistics client in leasing close to 56,000 SF in Medley. Working alongside Will Falero from Colliers and their client, Patsalos successfully closed this transaction. For assistance with industrial property leasing, selling, or purchasing, please contact Agora Real Estate Group at +1 (305) 804-9154 / […]
South Florida office market stronger than pre-pandemic years, JLL says
Although there are significantly less lease deals taking place, South Florida’s office market is on a stronger footing than it was prior to the pandemic, a lead broker with JLL said. “We are at about a 20% slower rate of deal flow from last year,” said Steven Hurwitz, managing director and agency lead for JLL’s […]
E-commerce Continues to Fuel Industrial Expansion
The pandemic-triggered surge in e-commerce significantly increased demand for industrial real estate, according to the latest CommercialEdge industrial report. Even though e-commerce sales have seen a 74 percent boost since early 2021, a substantial portion of this sudden increase occurred primarily in the second quarter of 2021. Notably, pre-pandemic, the growth rate was higher than […]
Economic Conditions Ideal for a Sale-Leaseback Strategy
In today’s higher interest rate costs, for the first time in many years, there’s a condition where the financing alternative of sale-leaseback is superior to the borrowing options that a company might have, according to Alan Pontius at Marcus & Millichap. The firm’s senior vice president and national director of industrial, and healthcare divisions, speaking […]
Report: CRE Lending Stabilized Somewhat in Q3
A new report from global commercial real estate company CBRE (CBRE) found that CBRE-originated commercial loan closings in the U.S. declined only 3 percent between the second quarter and the third quarter of 2023. However, while the lending spread is tightening, those originations levels are still 48 percent lower than last year’s third-quarter volumes. While the decrease […]
Prologis Sets Rent Growth Records, CEO Remains Optimistic Amid Geopolitical Turmoil
Prologis reported slightly dented third-quarter earnings Tuesday following several quarters of strong returns, an indicator of the impact rising interest rates and a gushing pipeline of new supply have had on the industrial real estate market. Still, the global REIT beat analyst estimates and turned in record rent growth along with nearly full occupancy at its properties. Company executives […]
Conquering the Nation’s Real Estate Market: South Florida’s Remarkable Success Story
It’s Boom Time in South Florida In downtown Miami, ground is being cleared for Florida’s tallest office tower, with 1.5 million square feet to be filled by firms that have yet to establish a presence in the state. Condo towers branded as St. Regis and Waldorf-Astoria are also planned for the area, with the majority […]
Interest Rate Hikes Temper US Industrial Madness: Report
The once-crazed national industrial real estate market is taking a “collective deep breath” and calming down, new data shows. The Federal Reserve’s interest rate hikes the past 18 months have significantly slowed the pace of new construction, normalized the level of investment sales, and tamed leasing activity in the United States, according to the latest […]
