Summary Absorption turned negative in consecutive quarters for only the second time in the last 11 years, rent growth continues to decelerate, and quarterly investment volume is about 60% lower
Commercial-Property Foreclosures Are Poised to Rise as Covid-19 Lingers
Konrad Putzier The coronavirus pandemic came at a bad time for the Burnsville Center mall near Minneapolis. In May, Macy’s Inc. said it would close its store. J.C. Penney Co., which also has
Broward County – Fort Lauderdale FL Office Report
Summary The onset of the coronavirus pandemic has had a significant operational impact on Fort Lauderdale’s office market. Construction has slowed down, and the vast majority of companies have transitioned
Broward County – Fort Lauderdale FL Retail Report
Summary The onset of the coronavirus pandemic has had a significant impact on Fort Lauderdale’s retail sector. The metro registers a construction pipeline that is double the national average, relative
Miami-Dade County – Miami FL Retail Report
Summary The recent Florida coronavirus case resurgence forced local authorities to put Miami’s phase one reopening process on pause to protect public health, but with that came prolonged economic uncertainty.
Palm Beach County – Palm Beach FL Retail Report
Summary Vacancies were stable and close to 4.5.% before the onset of the coronavirus pandemic. A reasonably low level of deliveries over the past decade, coupled with strong demand, sent