South Florida Commercial Real Estate Sales Plummeted $6B Last Quarter
There were $4.03 billion in commercial real estate sales of at least $1 million in the tri-county area, plunging 60% from the same quarter a year earlier.
There were $4.03 billion in commercial real estate sales of at least $1 million in the tri-county area, plunging 60% from the same quarter a year earlier.
In the aftermath of the collapses of banks with large tech lending arms, South Florida’s future as a tech mecca is on even shakier ground. CLICK ON THE HEADLINE FOR MORE
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