Although other major CRE markets in the U.S. are struggling with rising inflation and interest rates, South Florida’s industrial, office and retail sectors are holding steady thanks to low vacancy rates, rising average asking rents and bountiful sales volume. CLICK ON THE HEADLINE FOR MORE
South Florida CRE Out Performing Other Markets Entering 2023 Read More »
Wealthier people tend to sweep into impacted communities, purchasing homes even at the increased purchase price following a hurricane according to a new study. The data showed home prices in hurricane-ravaged areas are 5% higher on average than unaffected ones, which attracts people who could afford them. CLICK ON THE HEADLINE FOR MORE
Pointing in the opposite direction from a year ago, the Federal Reserve has pushed its benchmark rate to 4.5% after starting 2022 near zero. This rapid change in the state of affairs has ground sales volume to a standstill and killed deals around the country. So what will happen in 2023 in CRE according to real estate professionals? It will be a lot of ups and downs and expect the unexpected. CLICK ON THE HEADLINE FOR MORE
CRE Predictions For 2023: Distress, Opportunity And Another ‘Roller Coaster’ Year Read More »
