Managing Principal

"Relative to past months, there is more competition for space and landlords are more bullish on the market than prior.  Subject to any significant volatility in the global economy and/or local employment,  I believe this trend will continue.  However, large tenants are in the driver's seat as their long term cashflows allow owners to take advantage of an attractive interest rate environment - this trend will 

continue through 2014." 

Specialty: Office Tenant Representation

Senior Managing Partner

Flagler Real Estate Services

"Business is improving. Key trends currently are steady improvement in the housing markets are fueling a mini-boom in rental housing new construction as well as the first new condo projects in 4 years. Operating results for all hospitality properties are strong, producing some high property sales prices. Industrial vacancies have dropped below 9% and the first spec project to be started in over 3 years has just broken ground. The retail vacancy rate is at 5%, and now that retail business failures are slowing, we will see a lot of new construction. Very slow employment growth in the office related SIC categories means overall market vacancies will remain high, but activity has picked up and deals are being done. It will continue to be a favorable climate for tenants to lock in low occupancy costs for the 

foreseeable future."

Specialty: Office

As the economy improves, vacancy rates at A+ retail locations continue to decline. Rents are increasing and multiple bids are being placed on quality locations.  Restaurants, health care and day care remain very strong.  There's an increasing demand to acquire value add retail centers in good locations.  Cap rates for these centers hover around  7% and we anticipate further cap rate compression though next year.

Principal

"Residential land is in demand - single family home lots and approved multifamily apartment sites. Demand started about a year ago and per unit pricing is rising.    Prices and demand for existing multifamily property are increasing." 

Specialty: Land, Distressed & 

Bank Owned Properties

Senior Associate, Investment Properties

Private Capital Group

 CBRE Capital Markets

"The delay and pray mentality among special servicers continues in 2012 and we fully expect this to continue for several more years.  The back-log in property trades and the gap between buyers and sellers is exacerbated by the special servicers that are collecting servicing fees and are disincentivised to work out loans and clear the assets at market prices.  There will continue to be a slow trickle of distressed deals that hit the market this year as well as a few deals that have been bought during the downturn, stabilized and are now being shopped to test the waters from private owners." 

Specialty: Office/Industrial Invest. Sales

 "The market is tightening up, especially in the southeast Broward area where the current vacancy rate is down to 6.4%. Older functionally, obsolete buildings still sit, while bigger tenants with 100,000 to 400,000 square foot requirements are very active in our market."