(data source: millersamuel.com)
Continue Reading →
27
FEB
2024
FEB
2024
0
Share
Miami-Dade Contract Activity
Posted by:
Miami-Dade Contract Activity
Posted by:
South Florida’s cost of living surpasses the national average. When an index of 100 represents the national average cost of living across 269 cities, Miami and Fort Lauderdale had index values of 115.3 and 118.3, respectively, in the third quarter of 2023.
Notably, if Manhattan were considered separately, it would lead with an index value of 227.8.
(source: axios.com, picture: rachel-martin)
Continue Reading →
20
NOV
2023
Share
NOV
2023
Miami is still working from home
Posted by:
Almost four years after the pandemic, remote work still shapes Miami’s commercial real estate scene. A U.S. Census survey found that about 15% of Miami-Fort Lauderdale workers telecommuted in 2022, only slightly down from 16% in 2021. Despite this shift, the number of lease transactions remains strong, with Miami seeing 331 office leases in Q2.
The city has almost 2 million square feet of office space under development, indicating confidence in future growth. Although remote work is prominent, the 10% surge in local office rental rates highlights the ...
Continue Reading →
23
OCT
2023
Share
OCT
2023
Florida is retaining its residents at a remarkable rate, with 72.7% of those born in the state choosing to remain as of 2021, ranking it sixth in the nation for resident retention. This “stickiness” factor significantly impacts Florida’s economic growth, as a stable population and workforce are vital for a state’s prosperity.
The states with the highest resident retention rates are Texas (82%), North Carolina (75.5%), Georgia (74.2%), California (73%), and Utah (72.9%).
On the other end of the spectrum, Wyoming ...
Continue Reading →
20
SEP
2023
Share
SEP
2023
Dolce&Gabbana joins the Real Estate world
Posted by:
In a recent announcement, Dolce & Gabbana, the renowned Italian fashion titan, has taken a bold step into the world of luxury real estate through a strategic partnership with the esteemed developer Michael Stern and his JDS Development Group. Dolce & Gabbana has unveiled plans for two exclusive residential ventures as part of this newfound venture.
The first development is set to grace the vibrant city of Miami, and this anticipated partnership is widely believed to be linked to JDS Development Group’s renowned 888 Brickell Avenue project, ...
Continue Reading →
20
SEP
2023
Share
SEP
2023