Florida is taking the lead as one of the best performing in terms of job creation, and several other economic factors. Read on to hear more about the forecasted recovery in Florida, and three other ‘Sand States.’
Steve Matthews | Bloomberg Businessweek
Arizona, California, Florida, and Nevada are the states where homeowners enjoyed the most extreme runup in prices—until the subprime crisis sent the whole housing industry into its sharpest contraction in decades.
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By Mark Alexander, CCIM
We are finally seeing signs of recovery in the long-slumping commercial real estate market in southwest Florida. A full recovery will certainly take some time, but recent statistics from Costar show that we bottomed out over 2011 in the three main sectors of commercial real estate in southwest Florida. The market is now showing signs of movement in a positive direction. The period over the last ten years has been one of unprecedented change in the commercial real estate market that is unlikely to be seen again in our children’s lifetimes.
With factors starting to point towards a recovery, read more about the impact on net leases.
Jonathan Hipp | GlobeSt
Even though triple net leases and direct investments in real estate, as well as REITs, were affected by the 2007 recession, REITs and corporate stocks took a much bigger hit while having generated less return in the years prior to the economic downturn.
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Slowing banks are becoming more confident in the commercial real estate market. Find out more about the types of deals that are getting done and how banks are helping.
In what appears to be a sign of things to come, U.S. Bank recently closed on an $18 million construction loan for NoBe Bay, a 98-unit waterfront condominium project.
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As the commercial real estate market starts to warm up, other signs of the improving economy are validated as well. The year end flurry of deal activity of SVN Florida advisors around the state show that investors and users are now sensing that the “best time to buy or lease is NOW” . Prices and lease rates may be headed back up again.
Donna Gehrke-White | Sun Sentinel
The Sunshine State’s economy should further rebound in 2012, with South Florida outperforming what turned out to be a disappointing 2011, several indicators show.
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Recent article and the growing Florida economy.
The Fed’s Philadelphia branch calculates economic indices for each state, and Florida’s has been growing since January. The streak continued in September, the Fed announced Tuesday, with Florida and 29 other states seeing a bump in their indices from August.
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If residential markets are an indication of commercial real estate markets, and they are, then things are looking up…
Through the gloom of much of the global, national and statewide economic news, we’re beginning to see glimmers of light.
Consider these recent-and-hopeful developments:
Home sales and prices rose in the Polk County and most other Florida markets in September. Polk’s median sale price for September increased 6 percent from September 2010. The September 2011 price was $103,500, reported The Ledger’s Kyle Kennedy in an article one week ago. The previous such gain was in April 2007, with an increase of 1 percent from April 2006 to $172,400.
Here is a recent article on the job growth in South Florida.
Donna Gehrke-White | Sun Sentinel
The number of jobs is expanding in Miami but not growing as fast in Palm Beach and Broward counties, according to new projections released Monday by a leading economist.
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Here is a recent article regarding the multifamily market recovery in Palm Beach.
Florida Real Estate Journal
A recovering job market continues to support demand for rental housing in large properties in Palm Beach County, but rents continue to rise only modestly.
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Recent article about Florida’s economic markets. It is more important than ever to have a commercial real estate advisor who can help guide you.
Tampa Bay Business Journal
Date: Thursday, September 15, 2011, 1:05pm EDT
The pace of improvement in Florida’s economy remains uneven across the state and in many key industries, a report from Wells Fargo Securities said.
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