Commercial News
Commercial Alliance Reaches New Heights: Diamond Accreditation. We are pleased to announce that the Realtors® Commercial Alliance of Broward, Palm Beaches & St. Lucie Realtors® has been awarded the coveted Diamond Accreditation by the National Association of Realtors®.
The Diamond Level is the highest honor of the accreditation program, and we have been recognized for our commitment to providing commercial services to members, engaging commercial practitioners, and being the voice for commercial real estate in the region.
Thank you to our Commercial Leadership Team for their hard work and dedication, and congratulations to all the members of our Realtors® Commercial Alliance.
Multifamily Series: What’s Trending in Outdoor Amenities
For years, developers have likened amenities to icing on a cake. When considerations like location and price are comparable, renters and buyers alike may make their decision based on the amenity package. As growing awareness of the mental and physical health benefits of fresh air and nature continues, many offerings focus on the outdoors.
August 2023 Commercial Real Estate Market Insights
While recent economic and market indicators remain mixed, commercial real estate continued to slow down in July. Interest rates have risen at the fastest pace in decades, although inflation dropped to 3.2%. In the meantime, the banks have already reported tighter standards and weaker demand for all commercial real estate loan categories, according to the Federal Reserve’s July Senior Loan Officer Opinion Survey. With the recent U.S. credit downgrade, getting a CRE loan could become even more challenging.
Florida’s Biz Climate Good But Challenges Exist
Florida fares well in two recent rankings for the best places in the U.S. to start a new business. Nine Florida cities make the list of top small cities and towns to start a small business, according to Site Selection Magazine. The publication is much watched by economic developers, industry and corporate site selectors, as well as commercial real estate investors and brokers.
Bright Spot in Commercial RE: Retail Shops
Retailers are on track to open 1,000 net new stores in the United States this year as retail availability hits record lows, in fresh signs of the sector’s resilience despite turmoil in commercial real estate. Building owners say demand for retail space has remained robust this year, defying inflation pressures and high interest rates.