A burst of year-end industrial sector transactions signal that investors continue to see opportunities in South Florida. The market is returning to a pre-pandemic pace of activity, brokers say, but tight supply dynamics still favor landlords as migration trends continue to boost demand.
Deal volume through November puts the industrial sector behind apartments as the second most traded sector for the year. However, the volume still fell in November even with positive elements supporting the sector. Macro forces made it difficult for investors to underwrite investments.
https://rrcra.com/wp-content/uploads/2021/11/industrial-770x320-1.jpg320770ADMINhttps://rrcra.com/wp-content/uploads/2024/02/Roberton-RRCRA-White-Bckgd-300x225.pngADMIN2024-01-01 19:39:422024-01-01 19:39:42Industrial Was The Second Most Traded Sector For The Year
Miami was far from immune to a rate-driven slowdown. But even as volume plummeted, the sales that closed signaled confidence in the market, with the price per SF dipping only slightly from 2022 and outperforming 2019, before the pandemic helped boost the city’s profile. Investors and brokers are expecting deal volumes across all asset types to be poised to rise again next year.
https://rrcra.com/wp-content/uploads/2023/12/2024-on-blocks_shutterstock_2317182725-770x320-1.jpg320770ADMINhttps://rrcra.com/wp-content/uploads/2024/02/Roberton-RRCRA-White-Bckgd-300x225.pngADMIN2023-12-25 15:51:172023-12-25 19:57:46After ‘Throwaway Year’ In 2023, South Florida CRE Leaders Say 2024 Is Comeback Time
South Florida’s Industrial Market Slows, But Wave Of Sales Signals Investor Confidence
A burst of year-end industrial sector transactions signal that investors continue to see opportunities in South Florida. The market is returning to a pre-pandemic pace of activity, brokers say, but tight supply dynamics still favor landlords as migration trends continue to boost demand.
Industrial Was The Second Most Traded Sector For The Year
Deal volume through November puts the industrial sector behind apartments as the second most traded sector for the year. However, the volume still fell in November even with positive elements supporting the sector. Macro forces made it difficult for investors to underwrite investments.
After ‘Throwaway Year’ In 2023, South Florida CRE Leaders Say 2024 Is Comeback Time
Miami was far from immune to a rate-driven slowdown. But even as volume plummeted, the sales that closed signaled confidence in the market, with the price per SF dipping only slightly from 2022 and outperforming 2019, before the pandemic helped boost the city’s profile. Investors and brokers are expecting deal volumes across all asset types to be poised to rise again next year.