A recent Costar report found that even during the recession, buildings that have implemented LEED or other sustainable building practices both command a premium in rents and save on costs.

Over the last 12 months, the price per square foot has decreased across all commercial sectors. Office 38% Industrial 21% Multifamily 15% Retail 3%

According to Trepp, the commercial real estate loan tracking firm, some of the highest-priced distressed properties are in Miami.

Whereas Miami’s residential real estate market is seeing relatively steady increases in sales over last year, our commercial market’s third quarter sales plunged 70% compared to 2008.  The price per square foot has decreased in the industrial sector the most, down 23%, followed by multifamily 14%, office 12% and retail 9%.  It is interesting to […]

Whereas Miami’s residential real estate market is seeing relatively steady increases in sales over last year, our commercial market’s third quarter sales plunged 70% compared to 2008.  The price per square foot has decreased in the industrial sector the most, down 23%, followed by multifamily 14%, office 12% and retail 9%.  It is interesting to […]