Friday, January 14, 2011

Miami's Commercial Real Estate Market

Commercial Real Estate Market Outlook

Miami's commercial real estate market may not be leading the rebound, but it's not bringing up the rear either.
That was the message delivered by real estate economist Hugh Kelly at the Commercial Real Estate Women 2011 Economic Outlook luncheon Tuesday at the Four Seasons Hotel.

Commercial Real Estate Market: Miami

Kelly's market quality rating system puts Miami's office, apartment and retail markets squarely in the middle of the pack, with industrial slightly above the middle.

Commercial Real Estate Market: Fort Lauderdale

Fort Lauderdale's market quality is more of a mixed bag with retail and office falling near the bottom of Kelly's rating system, apartments near the top and industrial in the middle.
Kelly and local real estate analyst Michael Cannon told the group that the industry in South Florida and nationally is showing signs of rebounding, but the strength of that recovery will lag behind job creation.
Source: Miami Herald - Business Briefs

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