Director of Industrial Services

Colliers International South Florida

 

"South Florida's industrial market is a beneficiary of global economics. Its fundamentals are extremely healthy and supported by demand from users and owners across the world. Whether the effect of global economics will contribute to the health of the US economy as a whole is up for debate, but Miami will continue its steady trend of low vacancy for the foreseeable future."

 

Specialty: Industrial

 

 

Leasing Director

Taylor & Mathis  

 

 

"We are very excited for 2013! The market is slowly but surely coming back to Landlords.  The first quarter continues to be extremely active and tenants are finally making long term decisions.  We expect upward movement of rents - another bump in pricing for well positioned assets across the board, reduction in rental rate abatement and contraction of tenant improvement allowances. Tenants are becoming less concerned with the economics of the deal and are focusing on where they really want to be long term. Expect good things in 2013 for building owners - 

A rising tide lifts all boats."

 

Specialty: Office

 

President

Pointe Group Advisors

 

  

 

"The current office market has stabilized. 

The leasing activity is increasing 

but we are all still waiting 

for the absorption to kick in. 

Concessions are still prevalent 

until employment growth and 

new positive absorption returns."

 

Specialty: Office 

Vice President

Avison Young

  

"With increased sales activity in the 

4th Quarter of 2012, the market 

is becoming more clear for both buyers and sellers.  That clarity, along with the attractive financing now available, should lead to more transactions in 2013. We are reaching an equilibrium point as the 

distressed properties are absorbed and investors start to compete 

for market opportunities."

 

Specialty: Office Investment Sales

 

 

 

SVP and Regional Managing Director

IDI

  

 

 

"Broward Industrial markets are 

continuing to improve.  South Broward is benefiting from the strong activity in West Dade.  And for the first time in years we are seeing some improvement in the North Broward submarkets.  North Broward has been suffering from a large amount of 

spec space (8 buildings) coming onto the market in 2008 and the crash in the housing market where many of the suppliers have facilities.  In 2012, the Pompano submarket had the highest absorption in Broward County.  Hopefully, this trend will continue so these markets can come back to equilibrium.   We don't expect to see much development in Broward this year due to a lack of sites ready to go and generally the markets need continued improvement, specifically North Broward.  However, we do see a lack of quality space available over 100,000 square feet in South and Central Broward and as a result are developing two buildings in 2013 including a 300,000 square foot bulk 

warehouse building in Miramar 

and a 122,000 square foot 

distribution building in Davie."

 

Specialty: Industrial

 

  

"Steady domestic growth and increased global demand is leading to higher export demand, which bodes well for our local economy.  

This is leading to higher rates of 

absorption as existing tenants expand and new ones enter the market on the industrial side.  On the office side, new generation office designs and layouts are in demand as technology is changing the way we work.  Expect tenants to pay a premium for newer, more functional space."

 

Specialty:  Office & Industrial