KMC Savills, Inc.’s Post

Miami-Dade’s commercial real estate market demonstrated strong resilience in Q3, highlighting continued growth amid shifting economic conditions. Demand remains robust, particularly in key submarkets like Brickell, which continue to attract new and expanding tenants. As vacancy rates decline and rental prices stabilize, the outlook for Miami’s office spaces remains positive, driven by ongoing development and infrastructure improvements. Discover more about Miami’s evolving market through the #linkinbio.

#ColliersInTheNews | Colliers’ latest data reveals a surge in unsold condominium inventory in Metro Manila, now at 75,300 units, with an extended inventory life of 5.8 years— five times longer than pre-pandemic levels. Amid slower sales, Colliers recommends that developers revitalize demand through innovative strategies like rent-to-own schemes, early move-in offers, and flexible payment terms, particularly for mid-income buyers. The report also underscores shifting buyer preferences post-pandemic, with increasing demand for open spaces, smart technologies, and proximity to key locations. Developers are responding by integrating eco-friendly amenities, such as EV charging stations and garden gazebos, to appeal to environmentally conscious and affluent buyers. How are these trends reshaping Metro Manila’s residential market, and what opportunities lie ahead for developers and investors? Read the full article here: https://bit.ly/4giI2U8. #ColliersPH #BeExperts #AcceleratingSuccess #PhilippinePropertyMarket

NYC’S December 2024 Market Update unveiled: 🍎🏙️ • Leasing volume has already surpassed 2023's total • Trophy building tower floors show lower vacancy rates • 45 deals over 100,000 sq ft signed this year Reach out for more detailed insights on the NYC office market. #CommercialRealEstate #NYCOfficeMarket #JLL

Richmond Posts Stable Office Performance Across Multiple Submarkets Contact me to discuss the latest scoop in real estate! #virginia #virginiahomes #virginiahousing #virginiarentals #virginiarealtor #virginiarealestate #virginiahomebuying #virginiahouse #realestate #realtor

Check out the latest Cresa New York Office Report!

New Market Research from CresaNY! Our Q4 2024 Manhattan Office Report shows the market is trending higher, with availability rates declining. While leasing activity has focused on trophy buildings, occupiers still have leverage as long as availability remains elevated. https://lnkd.in/eJhQ52ua

Not all office markets or buildings are created equal. Sydney’s top corporate tenants are flocking to high-quality spaces in the city’s commercial core, according to the Australian Financial Review. Data from Dexus supports this trend, showing an occupancy rate of 73% in the western fringe of the CBD near Darling Harbour, alongside a robust 92% in the financial district stretching from Martin Place to Circular Quay. David Harrison, managing director of Charter Hall, Australia’s largest commercial property manager, told the AFR that they were seeing high occupancy in modern assets even in fringe markets and precincts outside of the core Sydney and the ‘Paris end’ of Melbourne markets. And as investment capital is naturally drawn to areas where tenant demand is strongest, older and less desirable properties were losing out as a result. “So stronger pricing appetite will be directed to modern-high occupancy assets because they have greater rent growth and most importantly a liquid transaction market through cycles,” he said. “This may not be the case for older assets, no matter how much refurbishment capex is spent on these older assets.” #construction #propertydevelopment #officebuilding Looking to finance a property development project? Contact Michal on 0438 358 226 or by emailing michal@mworks.com.au.

Amid a surge in foreign investment, European, Asian, and Middle Eastern investors are directing their focus towards high-end residential properties and commercial real estate. New York City stands out as a premier global investment hub, garnering significant interest from these investors. The current market landscape highlights a dynamic environment, marked by a robust presence across key sectors such as luxury residences, rentals, and investment properties. Furthermore, commercial office spaces are swiftly adapting to accommodate evolving work dynamics and trends. #RealEstate #Investment #NewYorkCity #CommercialRealEstate