The divergence between South Florida and the rest of the country continues to widen. While national headlines focus on commercial distress, we are experiencing a massive wave of leasing and transaction activity on the ground.
Elevated construction costs and tight lending have choked the new supply pipeline, creating a “Space Squeeze.” Tenants are aggressively competing for existing inventory, and landlords with stabilized assets now hold total pricing power.
In this week’s issue of Vision Into The Market:
- The Market Monitor: Why the “Turnkey” premium is driving record leasing activity across the tri-county area.
- Firm Update: We just secured two major new assignments: a 3-building industrial portfolio in Broward County and a vacant 2nd-generation restaurant. Furthermore, our platform just put $15 million in listings under contract at record price-per-square-foot valuations across Miami and Broward Counties.
- Team Activity: The leasing surge is real. Alex Stevens inks his first 2,000 SF professional lease within 30 days of joining the firm, and our landlord representation desk is driving top-of-market rents.