Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
active South Florida listings
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Miami Multifamily Memo
Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
Interview with CEO Tere Blanca The Woman Leading Miami's Office Market Watch Now Subscribe to Youtube About Tere Blanca Tere Blanca is the Founder, Chairman, and CEO of Blanca Commercial Real Estate, Florida’s leading independent office advisory firm. Founded in 2009, the firm has grown to more than 50 professionals across three Southeast Florida offices and has sustained approximately 30% market share of Miami’s Class A and B office lease transactions since 2016. In this episode, Tere shares...
Miami Multifamily Memo Why you should not buy Multifamily in Miami right now Why you should not buy Multifamily in Miami right now: Cap rates are ~5% Debt is +6%. expense inflation Insurance has been a problem Supply wave in certain pockets Why you should: There are few buyers today. Most groups are net bearish, waiting for “a reckoning” Multifamily properties that traded for ~$400K/unit in 2022 are now trading for ~$300K/unit. The cost to build those assets have gone from ~$250K/unit to...
Miami Multifamily Memo Current trends and opportunities 2023 is behind us. How did pricing and transaction volume compare to years prior? Where will it go from here? Let's dig in. **if you’d like this data broken out by Miami Dade, Broward, & Palm Beach County, please reach out via email for the excel** Most headlines will point out that transaction volume is down roughly 60%, year-over-year. However, as predicted in my 2023 mid-year update, South Florida is back to a pre-pandemic average...