The Real Deal New York

Clear skies for Miami-Dade commercial

Vacancy rates remain low across across the area's office, retail and industrial markets

November 29, 2015 12:00PM
By Sean Stewart-Muniz

108-112 CRE UPDATE-FINAL.indd

Amancio Ortego, creator of the Zara retail chain, acquired an entire block on Lincoln Road for $370 million.

From the South Florida Market Report: Analysts are prescribing a healthy dose of optimism for commercial real estate in Miami-Dade County, with factors like explosive job and population growth to thank for the ongoing strength of the markets across the board.

The county is on track to blow past its peak of $6.8 billion in foreign investment recorded last year, with investors continuing to purchase trophy properties in the office and hotel sectors for hundreds of millions. [more]