All U.S. CRE Markets Showing Signs of Improvements

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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2012 Technology Trends for the Office World

As information technology continues to develop the business world is seeing the rise of new office technology trends. Keeping these trends in mind and finding ways to make them work for you will give you an edge in your business.

Smartphones are rapidly shouldering aside the traditional cellular phone, leading to a significant decrease in the prevalence of traditional cell phones in business. This is due to the dramatically greater functionality of smartphones, including a number of useful business applications. For instance, cloud-based printing allows a user to connect to a printer from a smartphone or tablet computer via the Internet, enabling the user to manage important printing jobs such as adjusting brochures, customizing business cards, or completing documents, while on the road.

A smartphone can make you safer on the road, as well as more productive. In addition to the GPS apps that many people already use, newer apps such as iOnRoad expand the smartphone’s versatility in your vehicle, using the camera as a collision avoidance tool to keep you safer on the way to view a property.

If you are looking to expand your business Morris Southeast Group can help you find the commercial real estate you need.

Retail Vacancies Projected to Continue to Fall in Miami

Vacancies in the Miami retail market first began falling in 2011 and it seems as they will continue along the same trend. According to reports from Marcus & Millichap they project that the vacancies could fall even more due to the increase in tenant demand and increase in employment. If so the result would be a drop to 6.2 percent, the lowest year-end level to be seen in four years. The firm is also projecting that asking rent will increase to $23.65 per square foot with effective rents increasing 1.1 percent to $20.08.

If you are interested in investing in the Miami retail vacancies contact the leading provider of South Florida commercial real estate services and specialist in Miami tenant representation, Morris Southeast Group, at 866-930-1426.

 

 

Source: The Real Deal