Greater Fort Lauderdale Alliance Marks Retention, Creation Of 757 Jobs
The jobs were created in Broward County in a span of six months.
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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.
The industrial sector might seem an odd subject for a loss of confidence. The sector has led CRE through the pandemic, scoring top marks time after time and continuing to crush cap rates. But nothing can go on forever.
While not every area of commercial real estate is set to see an upswing, there are a few predictions that are safe to make based on trends in the market.
In a warehouse market with constrained inventory, rapid rent escalation and fierce competition, it’s getting tough for small warehouse users to find, and afford, space.
The property was listed at $2,800,000 and was purchased for $2,500,000 or $480 per square foot.
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
Called Fabrick, the former Progresso Village industrial space at 801, 807, 815, and 819 N.E 2nd Ave. has 24,000 square feet of office and retail. The businesses will employ approximately 100 people but the final employee count for all tenants will not be known until the build outs are open.
The question investors and operators must ask is what might be coming.
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
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