Miami Has A High Number of Distressed Commercial Properties

Miami ranked third in the nation in the number of distressed commercial properties.  Miami has $7.6 billion worth of properties that can be considered distressed, according to Real Capital Analytics, a real estate research firm.  Las Vegas was the worst off  with $17.7 billion and Manhattan was third with $12.3 billion.  Since the total nationwide is estimated to be $180 billion of distressed properties there is plenty of pain in other states.  It makes sense that the sectors of commercial real estate hardest hit are the retail and hotel sectors, followed by apartment buildings and finally, the industrial sector, which wasn’t as heavily leveraged as the other sectors.

RCA’s Market Stats for Miami, FL Past 6 months Reported closed/in contract
Volume ($mil.) $872.2
No. of props sold 75
Avg. price in mil. $11.6

About The Author

Jennifer Wollmann

Comments

  1. melatonina comprar December 23rd, 2018 at 11:02:45 am

    Very good blog post. Keep writing.

  2. govt jobs - GJV December 21st, 2018 at 1:27:57 pm

    “Normally I do not learn post on blogs, but I would like to say that this write-up very compelled me to take a look at and do so! Your writing taste has been surprised me. Thank you, quite great post.”

Leave A Comment

Affiliates & Brokerages