South Florida Markets Will Hurt from Changing Trends and Higher Interest Rates
by Sep Niakan | October 22, 2014
Ever since the recession, South Florida’s commercial real estate has been doing very well. However, sources say that the great recovery might be hindered by higher interest rates, market conditions, and income issues.
“Going forward, we have to think about the interest rates and the significant impact on debt service and value,” said Brian Bailey, senior financial policy analyst for the Supervision and Regulation Division of the Federal Reserve Bank of Atlanta.
There will be $7 billion in loans that will be due for South Florida between 2015 and 2017, according to Joseph McBride, a real estate analyst from New York. If interest rates rise, like McBride suggests they will, property owners will not be able to refinance their loans.
Bailey tells Miami real estate agents to be aware of the changing trends in the commercial market. As retail stores are moving away from physical stores to online stores, the demand for retail space in strip malls will drop, but the demand for storage and distribution warehouses will rise.
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...