MIAMI Y FORT LAUDERDALE: LOS MERCADOS DE OFICINAS MAS BUCADO EN ESTADOS UNIDOS

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Daniella Aragon-Andre
Levy Public Relations

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December 16, 2022

Tras las restricciones y cierres de los dos últimos años, las empresas están regresando de nuevo a las oficinas, dando un nuevo aspecto a los edificios corporativos que antes tenían un perfil “tradicional”, con cubículos, despachos cerrados y salas de reuniones. Este proceso está liderado, en parte, por empresas que fueron a contracorriente de la actividad económica y crecieron en medio de la crisis, como las tecnológicas, las sanitarias y las de asesoramiento financiero, aportando motivación al sector, que cuenta con ello para seguir reduciendo la tasa de desocupación de la industria en todo el país.

Con la decisión de algunas grandes empresas de trasladarse a Miami, submercados como Wynwood se están convirtiendo en nuevos puntos calientes del mercado. Wynwood ha estado atrayendo a clientes de renombre como Spotify, Live Nation, Chase, BlockChain, y más, debido a la fusión de arte y tecnología que está cambiando el paisaje cultural de la zona. Wynwood cerró el segundo trimestre con una media ponderada de 75,51 dólares por pie cuadrado para espacios de clase A y B, lo que supone un aumento del 19,3% interanual.

Para Tomas Sulichin, Presidente de la División Comercial en RelatedISG: “El aumento de la actividad de arrendamiento, la cantidad de empresas de renombre que se han mudado a la ciudad y la oleada de nuevos desarrollos en Miami, mantuvieron el mercado de oficinas robusto y allanaron el camino para un mayor crecimiento, ya que muchas empresas ampliaron sus oficinas y se adaptaron a la “nueva normalidad” y a la demanda de los empleados de espacios de calidad”.

Debido a este gran auge, se han propuesto varios proyectos comerciales para dar cabida a la alta demanda. Entre ellos se encuentran: One Brickell City Centre en Brickell, 700 N. Miami Avenue, el proyecto de Witkoff Group en Downtown Miami, Wynwood Plaza en Wynwood, y The URSA en el Design District.

En la actualización del último reporte del segundo trimestre del 2022 hecho por Blanca Commercial Real Estate, destaca que las principales industrias que buscan espacios de oficinas son las empresas de servicios financieros. Además, la firma ha observado que el mercado de oficinas de Miami sigue mostrando un crecimiento positivo en comparación con otros mercados metropolitanos importantes, debido a las consecuencias económicas de la pandemia.

Dado el continuo atractivo de Miami como destino ideal de oficinas para empresas nacionales e internacionales, también se anunciaron varios desarrollos importantes de oficinas de alta gama, ya que los promotores tratan de captar la demanda y satisfacer las necesidades planteadas por estas empresas. “Durante el año pasado, la calidad se mantuvo al frente de todos los movimientos importantes de oficinas y el aumento de la demanda de nuevos mercados se tradujo en el rendimiento estelar de los nuevos desarrollos de oficinas y el espacio de oficinas de clase A existente de primer nivel”, asegura Tere Blanca, CEO y fundadora de Blanca Commercial Real Estate. “Existe una buena oferta de nuevas oficinas a través de los centros de negocios en evolución de Broward que ha sido bien recibida tanto por los nuevos participantes en el mercado como por las empresas establecidas que buscan entornos de oficinas de calidad que sirvan como una herramienta para reclutar y retener el talento.”

Actividad de arrendamiento:

• Se espera que la actividad de arrendamiento siga siendo fuerte en los próximos trimestres y probablemente supere los resultados de años anteriores.

• Hasta la fecha, la actividad de arrendamiento ha alcanzado un total de 1.95 millones de metros cuadrados, lo que supone un aumento del 39% con respecto al primer semestre de 2021

• La velocidad de arrendamiento se aceleró desde el inicio de 2022, con transacciones completadas por un total de 991,000 metros cuadrados firmados en el segundo trimestre.

• Los nuevos inquilinos del mercado contribuyeron con 168,000 pies cuadrados de actividad de arrendamiento este trimestre y han representado el 15% de la actividad de arrendamiento total en la primera mitad del año.

Tarifas:

• La afluencia de nuevos inquilinos al mercado en todo Miami-Dade, junto con la continua actividad de arrendamiento de la base de inquilinos existentes, ha hecho que los propietarios continúen presionando las tasas, especialmente en los productos de Clase A.

• Con una fuerte actividad de arrendamiento y una nueva oferta controlada, se espera que los precios de los alquileres en toda la región sigan aumentando a medida que el espacio disponible sea más escaso, y que se entregue al mercado un nuevo producto de alta calidad con un pre-arrendamiento sustancial.

• El precio medio ponderado de venta terminó el trimestre en 47.51 $ SF para la Clase A y B combinada en Miami-Dade, un aumento del 2.2% sobre el trimestre anterior, y un aumento del 9.5% desde el segundo trimestre de 2021.

• El aumento fue impulsado en gran medida por los productos de Clase A, donde las tasas de alquiler han aumentado casi un 10% YOY a $ 55.12 por SF.

Por: Andreina Castro

Mayores informes en: www.levypublicrelations.com

Este es un fragmento del artículo de la edición 134 Miami y Fort Lauderdale: los mercados de oficinas más buscado en Estados Unidos  https://inmobiliare.com/inmobiliare-134/ 

*Nota del editor: Las opiniones aquí expresadas son responsabilidad del autor y no necesariamente reflejan la posición de Inmobiliare.

PROMINENT LAW FIRM INCREASE SIZE OF FUTURE FORT LAUDERDALE OFFICE

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December 16, 2022

A new Class-A, 387,402-square-foot building in downtown Fort Lauderdale is now 100% leased after two contracts totaling 7,601 square feet recently closed.

One of those lease deals will expand the office footprint in that building of a large Florida law firm that was founded in Miami in 1910.

Shutts & Bowen added 3,670 more square feet to its future office branch in The Main Las Olas at 201 E. Las Olas, increasing the size of its office on the 22nd floor to 14,620 square feet.

The firm originally closed on a deal to occupy 10,950 square feet of office in April, but opted to upsize to ensure a comfortable environment for its attorneys and staff and have enough room for new attorneys and lateral partners who want to join Shutts & Bowen, a spokesman said.

“Shutts continues to be optimistic in South Florida,” Adam Miller, marketing director, stated in an e-mail.

Headquartered in Downtown Miami, Shutts & Bowen employs 300 attorneys in offices throughout Florida. The firm will be moving its Fort Lauderdale branch out of its 15,000-square-foot office of 24 years at 200 E. Broward Blvd. and into The Main Las Olas in March 2023.

Shutts & Bowen was represented by Zach Wendelin and Kevin Probel of CBRE. Danet Linares, Tere Blanca, Christina Jolley, and Sky Jones of Blanca Commercial Real Estate represented The Main’s landlords, Stiles and Shorenstein Properties LLC.

In addition, Blanca Commercial Real Estate team represented The Main in direct negotiations with Salt Lake City-based Zions Bank (Nasdaq: ZION) for its 3,931 square feet of office. The bank will relocate from a temporary co-working space to The Main Las Olas in the first quarter of 2023, a spokeswoman for Blanca Commercial Real Estate stated.

Finished in July 2021, the 25-story Main Las Olas is a 1.4-million-square foot complex built by Fort Lauderdale-based Stiles and San Francisco-based Shorenstein on 2.7 acres of land leased from Broward College. Besides the 387,000-plus-square-foot office component, Main Las Olas has 341 apartment units, 17,355 square feet of retail, a 2,951-square-foot fitness center, a 3,360-square-foot office lounge and conference center, and an outdoor terrace with a fire pit, bar, and a glass floor oculus with panoramic views of the ground below.

The Main Las Olas has the highest asking rents in Broward County, the Blanca Commercial Real Estate spokeswoman said. As of April its asking rents for office ranged from $48 to $50 a square foot, not counting property assessments, utilities, and other expenses.

Leasing the largest space within The Main Las Olas is RSM US LLP, an audit, tax, and consulting firm. RSM secured the entire top floor of The Main’s office building earlier this year. RSM is due to move into its 16,570-square-foot space in the first quarter of 2023.

Other companies that have leased space within Main Las Olas include JPMC, Marcum, Starr Indemnity, Raymond James, Cherry Bekaert, Synovus Bank, Walker Dunlop, and Starboard Value.

Since the pandemic, local and new-to-market companies have sought quality office space in South Florida, which resulted in higher asking rents and dropping vacancies, brokers have told the Business Journal. Although there is concern that the overall economy may slow the pace of deals, companies continue to move to the region.

LATIN AMERICA HELPS KEEP REAL ESTATE APPETITE STRONG IN MIAMI

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December 16, 2022

Miami, Dec 16 (EFE).- Inflation and rising interest rates will affect the South Florida real estate market in 2023, but it will still remain strong thanks in part to foreign buyers, mainly from Latin America, which in 2022 were number one, according to specialists consulted by EFE.

“The general rise in prices, a lower flow of money and mortgages at 6.5% slow down the real estate boom that took place during the pandemic a bit, but the sector “will continue to be strong in 2023 and many people in the US, Latin America and Europe will want to keep coming,” Jennifer Wollmann, from the real estate firm Berkshier Hathaway, from EWR Realty, told Efe on Friday.

Housing inventory in South Florida remains tight, but the rise in prices for single-family homes, townhouses, and condominiums (apartments) is slowing.

“It’s not that prices go down, but that they level out,” Wollmann said, in part because “offers” for home purchases have loosened, that is, “if before there were 10 offers at the same time to get hold of the same house, now there are 2 or 3”, he clarified.

SOUTH FLORIDA WILL CONTINUE TO BE A REAL ESTATE HOT SPOT

“But the market is not going to stop. People continue to buy, “especially in the luxury real estate sector (from $1 million), where interest rates don’t matter because they pay in cash, without asking for a mortgage,” he said.

In addition, he adds, the wave of populist left-wing governments in Latin America and the crisis and instability in the region continue to encourage the outflow of capital and investment in South Florida.

In its report on foreign buyers in 2022, the Association of Realtors of Miami highlights that they bought residential properties worth 6.8 billion dollars, 34% more than in 2021 (5.1 billion).

Argentines, with 16% of purchases made by foreigners, Colombians (13%), Peruvians (8%), equal to Canadians), Venezuelans, Mexicans, Chileans and Brazilians (6% each) and French and Italians ( 3% each), were the biggest buyers this year.

For Stephen Bittel, general manager of the Terranova Corporation agency, the year 2023 “will be the story of two cities: Miami and Austin (Texas)”, cities that will continue to surpass the nation, while New York, Chicago and San Francisco will continue to suffer exodus of population and companies.

Not unique to South Florida in the US, the influx of new residents to this region is putting increasing pressure on affordable housing.

“In order to solve this serious problem, effective solutions and manpower are needed,” something that “represents an opportunity for the public and private sectors to work together,” said Tere Blanca, founder of Blanca Commercial Real Estate.

Blanca, like Bittel, warned of a possible “recession for next year”, with a “construction stoppage” due to the rise in interest rates and “increased construction costs”.

In a probable scenario for 2023, experts agree that buyers and sellers will find a “more stable market” with “better financing conditions and a slight increase in inventory” of housing.

While Wollmann cited Miami, Palm Beach and Broward, as well as Orlando and Tampa, as the areas of South Florida that most appeal to buyers, Tomas Sulichin, president of the Commercial Division of Related ISG Realty, noted that the North Miami, Hallandale Beach, Hollywood and Little Havana “will be in the spotlight as the major metropolises become overcrowded.”

Craig Studnicky, CEO of the firm ISG World, finds it unlikely that the recession will affect the real estate sector in South Florida in 2023, which is driven by “the constant influx of new residents” and companies.

INFLUX OF THOUSANDS OF NEW RESIDENTS TO SOUTH FLORIDA

In 2021, 122 companies moved their headquarters to Miami or opened offices in this coastal city, resulting in the arrival of thousands of new residents looking for housing, “a trend that is likely to continue in 2023,” Studnicky said.

Experts agree that the market is showing no signs of cooling off, despite rising mortgage rates. Home prices aren’t going down, especially since the population in South Florida continues to grow so fast and fast.

In the opinion of Michael Taylor, president of the construction company Current Builders, Florida “will continue to be a real estate hot spot” in 2023, with a sector that “has been booming since the pandemic” and that “will not experience a slowdown” at the rate of other US states

“High demand continues, as does the influx of new residents” to the state of Florida, “the opposite of what is happening nationally,” Taylor said.