South Florida CRE Market Rebounds with Help of International Trade

While the South Florida commercial real estate market has not completely rebounded it is in better shape than any of the other U.S. industrial markets thanks to international trade, according to the 2012 Commercial Industrial Association of South Florida market report.

Out of all of the various commercial real estate sectors the industrial sector is improving the quickest. Part of the reason being has to do with Latin America’s economic strength paired along with Miami’s many infrastructure projects which has allowed South Florida to continue on as a center for worldwide trade. For example, through November of last year 79 warehouses totaling over 10,000 square feet were sold, as well as 320 industrial condos.

If you are looking to make an investment in commercial real estate in South Florida  by purchasing industrial or office space contact Morris Southeast Group at 866-930-1426.

Source: Miami Today News

Morris Southeast Group Represents Its 8th Law Firm in Lease Renewal

We recently made an official announcement that one of South Florida’s leading foreclosure defense law firms, Oppenheim & Pilelsky PA, renewed its lease and expanded its occupancy at the Weston Corporate Center I located in Weston, FL. With representation from Morris Southeast Group the firm expanded by 564 square feet bringing its total of rentable square feet in the building to 4,518 and renewed its lease for five years. 

The lease is the 8th law firm transaction we’ve managed since June of last year, with one being a lease representing the landlord and the seven others being tenant representation deals. Commenting on the volume of law firm representation Ken Morris stated,

We’re at a place in the economic cycle in which law firms are busy contesting or unwinding business transactions made prior to the recession, and many of them are growing locally. Over the years we’ve represented dozens of professional firms with commercial real estate services and as categories go, it has become a core competency for our firm.

If you are looking for representation as a landlord or tenant in the South Florida area call Morris Southeast Group at 866-930- 1426.

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Top 5 Business Parks Located in South Florida

Are you thinking about relocating your company to a business park because of the many benefits including decreased maintenance costs, a strong business environment and increased exposure to name a few? If so you may as well consider the top business parks in South Florida. The South Florida Business Journal recently released their list of the top 25 business parks in the area based on their amount of developed acres and many other features. Of the 25, the top five business parks in South Florida include:

5. Miramar Park of Commerce; 540 developed acres

4. Gratigny Central Industrial Park; 580 developed acres

2. Sawgrass International Corporate Park; 650 developed acres (tie)

2. Miami Lakes Business Park; 650 develop acres (tie)

1. Flagler Station; 879 acres

If you would like to invest in a unit in business park or you need representation selling your current space in a business park call Morris Southeast Group at 866-930-1426 for all your commercial real estate needs.