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Miami’s office sector saw the greatest dropoff, registering just $6 million in sales in the first quarter of 2023, compared with $226 million in 2022, a 97 percent decrease.

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Between August 2021 and July 2022, foreigners invested US$6.8 billion in the purchase of properties in Miami Dade, which implies an increase of 34% compared to the previous twelve months.

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Premiums for commercial insurance at the end of 2022 in places like Texas, Florida and California jumped 30% to 50% or more, according to the institute.

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There is evidence that electric vehicles and EV charging stations are significantly impacting real estate in terms of property values, spurring higher rental and resale values.

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The area is among the most sensitive, long seen as a key link to restoring the Everglades and fending off sea rise.

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This volatility has led some contractors to order and pre-pay for materials earlier than they usually would, tying more money into projects up front.

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Values are expected to increase 11%, while yields will average 6%.

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Residential construction starts up 240%, nonresidential up 245%.

Ven-American Real Estate is exclusively representing an entire 32,000-square-foot industrial building for sale within a 3-building, Class A industrial park located at 2401 SW 145 Avenue in Miramar, Florida.

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The building, one of 3 buildings within Monarch Commerce Center, features a ±6,000-square-foot premium office space including conference rooms and a lounge; an additional  ±6,000-square-foot mezzanine; 24’ clear height, racked warehouse space; a rear-loaded dock high and 7 loading doors; heavy 3-phase power; fire sprinklers and impact windows.

Andrew Kruss, Director of Commercial Services for Ven-American Real Estate, will lead leasing efforts.

Ideally positioned just North of Miramar Parkway and just East of I-75, Monarch Commerce Center is located within 30 minutes of Miami International Airport, Fort Lauderdale-Hollywood Int’l Airport and Port Everglades.

Monarch Commerce Center 1

Monarch Commerce Center 2

Monarch Commerce Center 3

 

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Contact Andrew Kruss, Owner/Agent
Ven-American Real Estate, Inc.
305.496.2950