Mark M. Rubin is executive managing director for Colliers based in South Florida. Courtesy photo Commercial Real Estate Investment Activity in S. Fla. Remains Resilient in 2023
During the second half of 2022, stories about raging inflation, rising interest rates and a pending recession fed the news cycle. After a frantic and robust first half, most institutional, private investors and capital sources decided to take a break.
January 24, 2023 at 09:07 AM
3 minute read
Board of Contributors
During the second half of 2022, stories about raging inflation, rising interest rates and a pending recession fed the news cycle. After a frantic and robust first half, most institutional, private investors and capital sources decided to take a break. During this investment "pause," significant capital was raised for what investors hope are buying opportunities caused by market dislocation.
Despite this sidelining of capital, the South Florida leasing markets continued to flourish, with strong absorption, limited new supply fueling record rental rates and declining vacancies. The market fundamentals in South Florida are too strong for investors to sit on the sidelines for too long! While investment sales will be muted in the first quarter of 2023, we believe that activity will ramp up with limited distress as the year progresses and here's why:
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