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We have been in a Seller’s market for the last several years. Properties have been sold at values that have not been seen since before the great recession of 2007-2008. The Federal Reserve has artificially kept the interest rates low and the President in 2020 and 2021 pumped billions of dollars into the economy. Yes, this helped some people during the pandemic, but also prevented the normal cycle we have seen over the last 40+ years.
If you’ve been invested in commercial real estate, you’ve had a superb trailing four quarters—on average. But that depends on what properties your money sat. As for the future, that’s looking uncertain.
The U.S. Census Bureau said construction costs have increased nearly 18% between 2020 and 2021. That’s the largest year-to-year increase they have seen in material costs since 1970.
The corporate sale-leaseback market is coming off a record-high first quarter for deal-making. Despite repricing occurring in the wake of rising debt costs, industry insiders remain optimistic of continued strong momentum ahead in the remainder of the year.
Property values have escalated steeply, providing a boon to owners of homes and commercial and industrial real estate — but also raising the prospect of big tax hikes and a deeper housing affordability crunch.
Rising interest and insurance rates are projected to slow down South Florida multifamily investments following a year of frenzied buying, according to a recent report from Franklin Street.
You need to expand and diversify your real estate portfolio to lessen the impact of any downturn. It has been shown time and time again that being prepared helps beat future recessions.
The jobs were created in Broward County in a span of six months.
Sears closed its doors in January after 66 years at 901 N. Federal Highway, on the north side of the Flagler Village neighborhood.
Developers are currently building nearly 750 million square feet, up from the 507 million square feet they were creating in the same quarter last year.
Broker/President Ronald W. Osborne represents both buyers and sellers of commercial properties of all asset classes and types, focusing primarily on privately owned properties in South Florida, ranging in value from $1 to $10 million.
SperryCGA – RJ Realty
Phone:
954.381.0412
Email:
admin@RJ-Realty.com