Miami ranks among top metro areas for RE investment: CBRE

Half of all real estate investors plan to buy property in 2015

TRD MIAMI /
Apr.April 22, 2015 01:30 PM

For the first time, Miami is among the top 10 most attractive metro areas for investment, according to a ranking released Wednesday.

Half of participants said they expect to invest in real estate in 2015, according to the CBRE North America 2015 Investor Intentions Survey.

“Miami’s robust demand drivers include population and employment growth well above the national average, tremendous international trade, a booming housing market and a globally acclaimed tourism industry,” Christian R. Lee, vice chairman of CBRE Capital Markets, Institutional Properties, said in a statement.

“This is pushing rents up on every asset type. Add to that dynamic, the limited supply of land for future development, and you can see why Miami has become one of the most competitive, sought-after real estate markets in the United States,” Lee added.

Investors are primarily interested in industrial, office and multifamily properties, with industrial leading the charge, according to the report.

San Francisco, New York and Los Angeles topped the ranking. — Katherine Kallergis


Related Articles

arrow_forward_ios
From left: Eric Fixler, Joe Landsberg, Austin Levine and Andrew Hagaman

Movers & Shakers: CBRE expands debt team, Compass takes on two teams in South Florida & more

From left: Kyle Jones of Stiles Corp., Mark Corlew of Grover Corlew, Christian Lee of CBRE, Rod Loschiavo of Colliers International South Florida, and Greg Martin of Avison Young

South Florida office market has upside potential for developers, investors: panel

(Credit: iStock)

Foreigners emerge as the new heavyweights in China’s commercial property market

(Credit: iStock)

Report: Availability of U.S. warehouse space last year was the lowest since 2000

Arden Karson lists townhome at L’Hermitage

Arden Karson lists townhome at L’Hermitage

First Industrial Realty Trust pays $9M for Pompano Beach site

First Industrial Realty Trust pays $9M for Pompano Beach site

Co-working firms aren’t happy about CBRE launching competitor company

Co-working firms aren’t happy about CBRE launching competitor company

When buying luxury property abroad goes wrong

When buying luxury property abroad goes wrong

arrow_forward_ios