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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.
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Warehouse Vacancy Rates Sink To 27-Year Low
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 Sentiment Falls On Industrial. Yes, Industrial
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.
Commercial Real Estate Predictions For 2022
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.
Small Industrial Tenants Feel Squeezed Out Of Booming Warehouse 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.
SperryCGA | RJ Realty’s Ron Osborne Negotiates Sale Of Downtown Ft. Lauderdale Owner/User Office Building
The property was listed at $2,800,000 and was purchased for $2,500,000 or $480 per square foot.
Outdoor Storage Demand Keeps On Truckin’
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
This Converted Fort Lauderdale Warehouse Is Now 100% Leased With Retail, Office Tenants
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.
Here Come The Multifamily Headwinds
The question investors and operators must ask is what might be coming.
Industrial Property Lease Terms Get Shorter And Shorter
An analysis of 101 metros by Moody’s Analytics shows that from 2017 to 2019, the average lease term for warehouse and distribution space changed around the 36 month mark.
The Next Institutional Investment Frontier Is Industrial Outdoor Storage
The demand for the diminishing number of IOS lots, clustered around US cities, that are zoned to permit outdoor storage is skyrocketing. In terms of value, IOS may soon overtake cold storage as a growth sector, drawing more attention from institutional investors.