As predicted by Baum+Whiteman, experts at creating destination-dining attractions, 2018 has been the year for plant-based dining and Miami is no exception.  Ranked number nine on PETA’s 2018 Top Ten Vegan Cities, Miami has a diversity of vegan restaurants. In addition to the more informal dining options such as Choices, Eden and Eden, and […]

  As reported in Vizzda’s Quarterly Report For South Florida Commercial Real Estate, the total dollar amount of multi-family sales in Miami-Dade County rose to $232,943,000 in the second quarter of 2018, up from $196,115,503 in the first quarter.  This is approximately half of the $462,372,302 worth of sales in the second quarter of 2017. […]

Affordability has become a real estate hot topic over the last several years and is going to continue to be one for at least the next 5 years.  As both millennials and baby boomers age, their demand on residential and commercial real estate are driving up prices at a time when incomes are close to […]

In  a sign of Florida’s continued attraction as a place to visit, live, work and invest, the National and Miami Association of Realtors 2017 Profile of International Activity states that foreign buyers purchased $153 billion of residential properties last year, approximately $50 billion more than in 2016.  Though purchases were made throughout the U.S., Florida, […]

  Coconut Grove has been experiencing yet another revitalization.  It has been through at least three cycles of boom to gloom since I moved here in the early 1990’s but, thanks to the commercial property owners, who formed the Coconut Grove Business Improvement District and agreed to tax themselves, this boom feels different.  Why?  Because […]

It seems like you couldn’t open a newspaper or business journal in 2017 without the headlines screaming, “Retail Is Dead“.  There are lists of store closures for 2018 and many large retailers are on those lists.  Toys R Us, Macy’s and The Gap are just a few that are closing stores and more companies will probably be added as […]

If you haven’t been to the Miami Design District lately and still need a 2018 New Year’s resolution, here is an easy one.  Go visit the Miami Design District.  It is so Miami!  In case you need more reasons than that, here are 5: Interesting architecture – Okay, between Miami Beach’s art deco district and an […]

If you are a landlord signing new leases in 2018, remember that the state sales tax on commercial leases has dropped from 6% to 5.8%.  As a result, the sales tax rate in Miami-Dade County will drop to 6.8% and in Broward it will drop to 5.8%.  Although the drop in rate may not sound […]

Though the pace of commercial real estate transactions in South Florida has slowed down a bit, Miami continues to rack up big sales with the recent purchase of The Conrad Brickell Hotel for $72 million by Mast Capital and Angelo, Gordon and Company.  The 203-room hotel will be managed by HEI Hotels & Resorts, it’s first […]

Ten-X’s U.S. Retail Market Outlook listed the top five markets for investors to consider buying retail real estate.  Three out of those five were Miami, Fort Lauderdale, and West Palm Beach.  Robust employment and increasing population in all three cities are pushing the demand for retail space in all of their respective counties.