FOR IMMEDIATE RELEASE Weston, Florida November 16, 2018 Following an eighteen (18) month effort of meticulous planning and step-by-step implementation, Diaz Commercial is now ready to take its rightful place as a brokerage powerhouse in the South Florida commercial real estate market. As of the Fall of 2016, Diaz Commercial has far exceeded each of [Read More]
Because 4660 Palm Avenue was centrally located in a very high traffic corridor with favorable frontage, and given its age, we determined that it would make sense to market the property as a redevelopment site, rather than an income producing opportunity. A developer / investor could certainly step in and convert the commercial property to a higher and better use, however the obstacle remained that the lot size was quite small at approximately +/-5,600 SF, thereby making it difficult to build enough income producing square footage to make it a lucrative investment.
OVERVIEW The Fort Lauderdale office recovery continues. Early on, employment growth was supported by gains in the low wage sectors, but recent growth in white-collar jobs like the Professional and Business Services sector should continue to drive office demand for the next few years. Vacancy, at about 8.6%, is on par with rates in Miami [Read More]
OVERVIEW The Miami office market continues to benefit from steady demand via strong growth in office-using employment. Specifically, job growth in the Professional and Business Services sectors outpaced the national average in 2017. Due to years of limited development and strong demand, vacancies have remained near cyclical lows. Developers were active in 2017, delivering almost [Read More]