Miami. (Photo: J. Albert Diaz/ALM)
The latest special report on commercial real estate looks at deals for multifamily properties, the impact of Hurricane Irma and the nationwide decline in commercial property pricing.
Appetite for Multifamily Communities Translates to Transactions Large and Small
South Florida has been seeing record apartment sales, drawing interest to everything from luxury units to less trendy and less familiar addresses.
‘Late Cycle Uncertainty’ Leads To Pricing Dip
Although not a precipitous drop at 0.1%, the nationwide decline in commercial property pricing seen in August marked the fourth consecutive decline for Ten-X’s Commercial Real Estate Nowcast index. Pricing across the industry is now up just 5.8% from the year-ago period.
Hurricane Irma Drags Out Some South Florida Real Estate Deals
In South Florida, Hurricane Irma attack on the electrical grid and air service prolonged real estate deals.