Morris Southeast Group

South Florida Commercial Real Estate Glut is Being Absorbed

Posted on January 27, 2012 By bgarner Leave a Comment

Although things seemed to head downhill more and more after the commercial real estate boom ended five years, they are finally beginning to look up. Experts on the panel at the Florida CCIM Chapter Southwest District’s 12th annual Real Estate Outlook Conference stated that the glut of inventory of commercial real estate buildings that were left behind are finally being absorbed.

One of the reasons the surplus of buildings is being absorbed is because there isn’t a great deal of new construction. Take the office sector for example, in 2011 there was only 74,000 square feet of office space constructed and it was all built according to the buyers’ requests. And although there are buildings available in various sectors the best lie in dock-high industrial spaces which have an elevated loading dock door.

If you are interested in investing in the South Florida commercial real estate market contact Morris Southeast Group at 866-930-1426.

Source: News-Press

Filed Under: Commercial Real Estate Trends Tagged With: commercial real estate, South Florida commercial real estate, South Florida commercial real estate services, South Florida office property

Miami-Dade Luxury Condo Market Improves

Posted on January 25, 2012 By bgarner Leave a Comment

Have you been considering making an investment in commercial real estate by obtaining luxury condos? If so the time is now because the market is improving. Data from the Southeast Florida Shared Multiple Listing Service Database shows that investors purchased more $1 million condos in 2011 than in the South Florida real estate boom in 2006. The sale of nearly 590 $1 million condos marked a 29 percent increase from those purchased in 2010.

Last year’s improvements seem to be continuing seeing as that in the first few weeks of this year 100 units were placed under contract. But, it is unsure how long the improvements will last due to the large volume of foreign buyers and the current economic challenges in the European Union.

If you are interested in making an investment in luxury condos located in South Florida contact Morris Southeast Group at 866-930-1426.

Source: The Miami Herald

Filed Under: Commercial Real Estate Trends Tagged With: commercial real estate, Commercial Real Estate Trends, South Florida commercial real estate, South Florida commercial real estate services

3 of the Best Companies to Work for are in South Florida

Posted on January 20, 2012 By bgarner Leave a Comment

South Florida has long been viewed as a great place to live, but it’s also a great place to work. Fortune recently released their list of the 100 Best Companies to Work For and three are located right here in South Florida.

Coming in with the highest ranking of No. 17 is JM Family Enterprises, the largest Toyota distributor in the nation. A few of the perks that come along with working at the company located in Deerfield Beach include profit-sharing, free haircuts, and a state-of-the-art child-care center. The company also keeps a fleet of yachts for employees to use during appreciation events. Following is Ultimate Software in Weston at No. 25 which offers health insurance plans with no premiums and coverage for all dependents. Then there’s Baptist Health South Florida in Coral Gables at No. 42 whose employees have doubled within the last 15 years.

If you are interested in moving your company to South Florida contact Morris Southeast Group at 866-930-1426 and let us help you find the best property or office space that fits the needs of your business.