South Florida by the numbers: Working through the coronavirus outbreak

TRD MIAMI /
Mar.March 25, 2020 10:30 AM
(Credit: iStock)

(Credit: iStock)

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

UPDATED, March 25, 12:55 p.m.: There is only one story. The entire world has changed quickly and dramatically due to the coronavirus (COVID-19) outbreak and subsequent attempts to fight its spread through social distancing, and South Florida’s real estate community is no exception. While industry pros are realistic about what the outbreak means for the economy and market, most have adapted quickly through technology and creativity. Rather than paint an overly-rosy picture of what is clearly an extraordinary challenge, this month’s edition of “South Florida by the numbers” focuses on agents, brokers, contractors, and other professionals who are making the best of this extremely difficult situation while following public health guidelines and serving their customers as best they can.

2: Times a day one of Miami’s top real estate agencies is sanitizing its offices, as one of a few brokerages still keeping its physical locations open since the start of the outbreak. Other offices are doing similar measures, and almost all have directed their agents and employees to work remotely and make use of technology to conduct business. [The Real Deal]

$1,052: Per square foot price of the week before last’s most expensive condo sale in Miami, a Bayview double residence on Fisher Island, sold by Master Broker Elena Bluntzer. [The Real Deal]

25: Percentage of home sellers making changes to how their homes are viewed, according to a survey by the National Association of Realtors earlier this month. These changes include temporarily suspending open houses, requiring homebuyers to wash their hands or use hand sanitizer, or asking them to remove their shoes or wear booties during showings. [MiamiAgentMagazine]

23: Hours needed by Central Consulting & Contracting to build partitions for a New York City hospital preparing to handle additional coronavirus cases. The company is partnering with Plaza Construction to offer similar services to hospitals in need of additional space in Florida and other states, charging only for labor and materials and waiving all management fees. [MiamiHerald]

Almost 100%: According to Tere Blanca of Miami’s Blanca Commercial Real Estate, percentage of leases negotiated on behalf of her clients that have been signed or are expected to be signed, as of her March 18 interview. While some prospective tenants have asked for changes in the procedures to tour space (like permitting access to vacant space for fewer people), they continue to do so. [MiamiHerald]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.


Related Articles

arrow_forward_ios
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis says restaurants in Florida can operate at up to 100% capacity

DeSantis says restaurants in Florida can operate at up to 100% capacity
Peter Vauthy and Red South Beach (Getty)

The Weekly Dish: Red South Beach signs $5M lease for new space & more

The Weekly Dish: Red South Beach signs $5M lease for new space & more
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order

Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order
Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade begins phase 2 reopening: movie theaters, bowling alleys and more

Miami-Dade begins phase 2 reopening: movie theaters, bowling alleys and more
Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images)

DeSantis moves Miami-Dade, Broward counties into phase two

DeSantis moves Miami-Dade, Broward counties into phase two
Gov. DeSantis (Credit: Joe Raedle/Getty Images)

Drink up: Bars can reopen Monday in the Florida Keys — but not in rest of South Florida

Drink up: Bars can reopen Monday in the Florida Keys — but not in rest of South Florida
A Toojay's Deli location (Google Maps)

Lender acquires TooJay’s out of bankruptcy

Lender acquires TooJay’s out of bankruptcy
Miami-Dade Mayor Carlos Gimenez (Credit: Jason Koerner/Getty Images)

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine

Miami-Dade mayor: Bars and nightclubs won’t reopen until there’s a vaccine
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...