International Council of the MIAMI Association of REALTORS

     

                

International Articles and Advertisements

The MIAMI Association of REALTORS® features a half-page article each week in The Miami Herald –International Edition, promoting MIAMI Members and the South Florida real estate market to affluent consumers in Latin America and Europe.

Florida is Top Destination for U.S. Commercial Real Estate Investments

by | Oct 10, 2017
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Florida is the top U.S. destination state for buyer-side commercial investment, according to the National Association of REALTORS® (NAR) Commercial Real Estate International Business Trends 2017. The report’s author, NAR’s George Ratiu, will discuss his analysis at the 2017 RCA Conference hosted by the MIAMI Association of REALTORS® (MIAMI) on Friday, Oct. 13 at the Biltmore Hotel in Coral Gables.

International clients value Florida and Miami because of its strategic location as a staging area for Latin America. Foreign investors also value the Sunshine State because it has a growing population, a pro-business economy, booming downtowns and a fast-growing industrial sector. Industrial — comprising warehouse and logistics space — is on a long hot streak in South Florida. 

Top U.S. destination states — Buyer-side Commercial Real Estate Investments

  1. Florida
  2. Texas
  3. California
  4. New York
  5. Arizona
  6. Ohio
  7. Alabama
  8. Michigan
  9. Mississippi
  10. Nevada

Source: NAR’s Commercial Real Estate International Business Trends 2017

South Florida Ranks among Tops in Nation for Commercial Investment Gains

South Florida is one of the top U.S. markets delivering solid returns and safety of capital for global investors, according to new statistics from Real Capital Analytics.

Miami/South Florida posted 10 percent commercial real estate investment gains in the first half of 2016. Other top performers were Las Vegas (101%), Denver (up 51%) and Philadelphia (up 28%). Fort Lauderdale also posted gains in sales volume, rising up the ranks of top markets.

South Florida has long been a top destination for international investors. Attractive real estate, proximity to Latin America, cultural offerings, resort lifestyle and global business center are just some of the reasons why foreign nationals invest here.

International Investment

REALTORS®’ international clients found U.S. commercial real estate markets a good value in 2016, according to Ratiu’s Commercial Real Estate International Business Trends 2017.

Based on survey data, 61 percent of respondents’ clients considered U.S. prices to be less expensive than prices in their home countries. Over one-in-ten REALTOR® clients thought prices were on par, while close to a third of international clients found U.S. prices higher than those in their home countries.

Industrial Real Estate: Miami’s Hottest Asset Class

Absorption for industrial real estate hit a new record nationally and locally last year. The growth of Amazon, a globe-spanning retail giant that is the fourth most valuable firm on the U.S. stock market, is a major reason why.

Amazon will soon have 1.4 million square feet of space in the Miami area, according to Jose I. Juncadella, an office and industrial Miami broker and principal of Fairchild Partners. About 20 to 30 percent of all industrial absorption around the world was by Amazon.com, Kasselman said.

Population growth has propped up all real estate sectors but has favored the industrial sector specifically. The booming tourism industry has also helped fill the region's warehouses. Nearly 60 percent of the goods sitting in local warehouses end up in South Florida.

2017 RCA Conference

The Realtors Commercial Alliance of the MIAMI Association of REALTORS® (RCA MIAMI) will present its 17th annual RCA Conference on Friday, Oct. 13 at the Biltmore Hotel in Coral Gables. Five panels and more than 10 speakers will address how real estate professionals can enhance their business by learning the latest trends in all commercial real estate sectors.

● Date: Friday, Oct. 13 
● Venue: Biltmore Hotel 
● Address: 1200 Anastasia Ave., Coral Gables, FL 33134 
● Time: 9 a.m. to 2 p.m.

“From bitcoin and future currency to affordable housing, the 2017 RCA Conference will analyze diverse topics impacting Miami real estate,” said José María “Chepe” Serrano, the 2017 MIAMI Commercial President and the principal at New Miami Realty, Corp. “South Florida commercial practitioners have a unique opportunity to hear from national and local experts."

Ratiu, the director of quantitative and commercial research with the National Association of REALTORS® (NAR) in Washington, D.C., will provide the keynote address at noon. Ratiu will discuss his recent research report, “Commercial Real Estate International Business Trends 2017,” which ranked Florida as the top U.S. destination state for buyer-side commercial investment.

RCA Conference Panels

The 2017 RCA Conference will include panels on the following topics: affordable housing, block chain bitcoin and future currency, future development and design, and real estate investing.

Andrew M. Hinkes of Berger Singerman will spearhead the discussion on bitcoin, a new digital currency created in 2009 that allows users to buy merchandise anonymously and without banks. Singerman’s session will include buying and selling real estate for digital currencies, how blockchain technology is disrupting real estate markets and more.

Register at: RCAConference.com

Registration will be open before the day of the event, from 8-9 a.m. 

For more information, contact MIAMI Senior VP of Commercial Paul Cauchi at paul@miamire.com or (305) 468-7060.

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