Study: South Florida Market Improving Across The Board

Feb 11, 2013 No Comments by

Colliers International South Florida recently distributed its South Florida Commercial Real Estate Review for the 4th Quarter of 2012.

The report provides market data for the Tri-County area, highlighting the office, industrial and retail markets.

One of the more notable observations:  Q4 recorded a 200% increase over three months and a 15% increase year-over-year across all property types. Here’s the really interesting part: annual transaction volume hasn’t been this high since the go-go days of 2007. Average deal-level cap rates have fallen to a multi-year low near 7.00% and the outlook for the first half of 2013 appears this trend will continue.

In short the local market saw widespread improvement when compared to 2011 but all remain cautiously optimistic.

“South Florida’s industrial market is extremely healthy despite the fact that our overall economy is operating in an artificial environment. The overvalued stock market, residential housing values driven by FHA loans and foreign cash buyers, as well as the looming ramifications of healthcare reform are all of symptoms of an economy without sound fundamentals,” cautioned Mort Fetterolf, Director of Industrial Services.

CLICK HERE TO DOWNLOAD THE FULL REPORT

Go Ahead...Share!
  • email
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Industrial / Flex, Industry News, Office, Retail
No Responses to “Study: South Florida Market Improving Across The Board”

Leave a Reply