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Miami-to-Orlando Service Rail Will Benefit Businesses

Posted on March 27, 2012 By bgarner Leave a Comment

Have you heard news of Florida East Coast Industries planning a project to develop a Miami-to-Orlando passenger train service? The $1 billion dollar project would use the right of way that runs through the downtown areas of the South Florida coastal cities creating a three-hour commute. While the service rail will benefit those who commute between Miami and Orlando on a regular basis, it will also benefit the business community in particular. Once it’s up and operating the passenger rail will…

  • Create jobs and grow Florida’s economy: Nearly 6,000 direct jobs will be needed to construct the system, and more than 1,000 additional jobs to operate and maintain it.
  • Drive new investments along the route
  • Stabilize the office sector
  • Allow businesses in Miami and Orlando to interact more efficiently

What are your thoughts on the service rail? Let us know what you think and if you are interested in investing in office or industrial property in close proximity of the rail call Morris Southeast Group at 866-930-1426.

Source: South Florida Business Journal

Filed Under: Marketplace Trends Tagged With: Miami office property, South Florida commercial real estate, South Florida commercial real estate services, South Florida job market, South Florida office property

Luxury, Mixed-Use Development Receives New Design

Posted on March 23, 2012 By bgarner Leave a Comment

Do you remember hearing news the Resorts World Miami would soon begin building on the former Miami Herald site? Even though the hopes of a casino coming to Miami has been put on hold they are moving forward with their $3 billion plans that include a new design.

The revised design of 13.9-acre site will include a 5-start hotel, condominiums, waterfront restaurants and related amenities. According to the co-founder of the architecture firm that is creating the new design, the purpose of the redesign is to “bring to life one of Miami’s most underutilized pieces of waterfront land after decades of inactivity.” The new design will transform the site which has long been viewed as “dilapidated” and “inaccessible” into a pedestrian-friendly focal point of downtown. Additional plans for the design include an 800 foot-long, 50 foot-wide waterfront promenade with a view corridor and landscaped green space, as well as preserved vistas between the Omni district and Biscayne Bay.

Source: GlobeSt.com

Image: Miami New Times Blog

Filed Under: Marketplace Trends Tagged With: Commercial Real Estate Trends, Miami-Dade County, office property, South Florida commercial real estate, South Florida commercial real estate services

All U.S. CRE Markets Showing Signs of Improvements

Posted on March 5, 2012 By bgarner 1 Comment

Last month we shared news that the South Florida CRE market was rebounding with the help of international trade, and according to the recent Commercial Real Estate Market survey from the National Association of Realtors all U.S. CRE markets are improving. One of the major reasons for the improvement is being attributed to sustained job creation, which in turn is increasing the demand for space.

The National Association of Realtors also predicts that within the next year vacancy rates will decline 0.4% in the office sector, 0.8% in industrial real estate, 0.9% in the retail sector and 0.2% in the multifamily rental market.

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

Source: Property Wire

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