Landon Williams, SIOR, CCIM - Capital Markets Advisor

Asking #rents are rising again in Southeast Florida after last year's downturn. The median #multifamily asking rents rose from the prior month in March 2024 in the counties of #MiamiDade (1.8%), #Broward (1.9%), #PalmBeach (4.3%), and #Martin (4.8%), although the asking rent fell in St. Lucie (-2.5%). The #MiamiDade market area is undergoing intense #construction activity, with 24,000 units under construction, or 19% of inventory. Another 18,000 units are under construction in #FortLauderdale and #PalmBeach, adding 10% to inventory. #Affordability conditions, #job growth, #migration are driving SE Florida's multifamily and single-family rental market. Check out the March 2024 report at https://lnkd.in/eTjzaK9M Miami Association of Realtors MIAMI Commercial BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® Young Professionals Network (YPN) Miami Rental Beast

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The biggest mistake real estate agents make is that they do 80% of the talking and the potential client does 20% of the talking. Listen carefully and ask great follow up questions to truly understand how you can help your potential prospect. If you are pitching about how great you are for the majority of the meeting, you will get left in the dust by someone who actually knows how to sell.

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Check out the industrial rent growth we have experienced in Florida over the past five years! All markets were strong, but how about our friends in South Florida? 89% rent growth since 2019 is impressive! 📞 (407) 766-1392 #commercialrealestate #industrialrealestate #cbre #industrialwarehouse #industrialproperty #orlando #florida #industrialbroker #brokerlife #orlando #cretrends #FLleasing #leasing #CRE #foryou #explore #realestate #CRE #trending #info #explore #realestatetrending #demand #drivers #retail #trends #markettrends #q1research #commercialresearch

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Tracking $12B in out-of-state and foreign home purchases in Palm Beach County. Here are the origins of 14K buyers from outside Florida who poured into the housing market since 2021. The pandemic sparked a massive migration to South Florida, and many of the most well-heeled transplants settled in Palm Beach County. The influx earned West Palm Beach the nickname “Wall Street South,” due to the number of New York City bankers decamping to the area. Palm Beach County has attracted buyers from across the country, and around the world. To get an idea of where those buyers came from, and how much money they spent, The Real Deal scoured Palm Beach County tax assessment records and examined 96,219 home sales from Jan. 1, 2021 to March 1, 2024, totaling over $71 billion in volume, looking for foreign and out-of-state buyers. The vast majority of residential sales in the county during that period were to other Florida buyers. Yet, TRD identified 13,108 deals with buyers in other U.S. states and 1,224 sales to buyers with addresses in foreign countries, totaling over $11 billion and nearly $1 billion in volume, respectively. Foreign and out-of-state buyers accounted for about 19 percent of sales for Palm Beach County in the period studied. The top state of origin for out-of-state buyers was New York, with 4,598 deals adding up to nearly $3.3 billion in sales, which represented 29 percent of the total volume for U.S. buyers from outside of Florida. About 37 percent of that volume went to buyers listing an address in New York City. Manhattan residents dropped the most on homes in Palm Beach County — a total of just over $738 million — which was over 61 percent of the total for the five boroughs. New Jersey residents bought the second-most Palm Beach County property after New York, with 2,013 deals totaling over $1.3 billion. Massachusetts came in third with 889 purchases totaling nearly $840 million, followed by Pennsylvania with 704 deals and nearly $693 million in volume. California rounded out the top five with 554 purchases totaling nearly $653 million. EsjPartnersllc.com Ed@EsjPartnersllc.com

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🏡📷 Introducing your updated weekly #marketsnapshot for the week of May 13th - May 19th, offering a real-time view of the dynamic #southwestfloridarealestate market. 📈 I'm your go-to expert for all things related to real estate in our local Southwest Florida community. Reach out to me for personalized market insights, property evaluations, or any real estate questions you may have at 239.977.9939 📲 #coldwellbanker #localexpert #marketinsights

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Check out Southeast #Florida's Residential #Rental Report on May 2024 conditions below. Some key trends as of May: -asking #rents rose from the prior month in nearly all counties, the 5th month of increase for #Miami-Dade -the #singlefamily #rental market continues to outperform multifamily, with a higher fraction of cities experiencing rising single-family rent growth than the fraction of cities experiencing higher #multifamily rent growth -with asking rents up over 50% since 2019, renters seem to be adjusting by opting for smaller apartments and older/Class B/C units to save on rent. however, lots of older buildings are also in #coastal areas, so it could be that the increase in demand for smaller/older units is due to a lifestyle preference. -rental #outlook is solid, driven by #affordability conditions, elevated #migration, and sustained #job growth that is outpacing the nation Feel free to drop a comment below on other trends you're seeing! https://lnkd.in/eSQHf5V4 MIAMI Commercial Miami Association of Realtors BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® Young Professionals Network (YPN) Miami Rental Beast #miamiforwardfocus #miamiforwardthinking

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I-95 and Coastal Lane, West Melbourne, FL 32904 Sale Price: $3,500,000 Price / Acre: $139,949.618 Property Video : https://lnkd.in/e8e-6iHH The subject property is a vacant land parcel consisting of 26.33 +/- acres. To the direct north of the property, preparations are being made for the new Interstate 95 interchange at Ellis Road, which will provide a future direct route to the Orlando Melbourne International Airport passenger terminal. To the south, the proposed Space Coast Town Center is anticipated to impact and accelerate the demand and pricing for development land opportunities in its proximity, which includes the subject property. This 170-acre project development will be a nexus of activity, drawing a broad range of consumers and could allow for 61 planned buildings., including 257,000 SF of Retail, Grocer: 30,000 - 60,000 SF, Residential: 1,800 to 2,000 multifamily residences, Office: 360,000 SF, Hotel: Two hotels - 250 to 300 keys. There exists a 30-foot wide access and utilities easement that extends along the eastern border of the property. Ingress and egress is possible via three (3) public right-of-ways to John Rodes Blvd and Coastal Lane. Providing developable access via Coastal Lane from US Highway 192 would require construction of an additional 2,017 linear feet of road. The closest municipal water service line is located 575 south of the southern property line and is serviced by the City of West Melbourne. The nearest municipal sewer line is located 650 south and 300 feet east of the southeast corner of the subject property. This sewer line would require a lift station. City of West Melbourne Zoning: M-2 General Industrial / FLU: Industrial. This zoning designation allows for (but is not limited to) the following uses: general manufacturing and assembly, warehousing, general industrial functions. Brevard County is thriving and has become home to several aerospace-support industry giants, such as NASA's Kennedy Space Center, Blue Origin, OneWeb Satellites, Firefly and remaining the corporate hub for professional leaders including Lockheed Martin, Harris/L3 Company, Northrup Grumman, Embraer and others. Tax ID: 2704573 / PID: 27-36-34-00-1 #CoastalLane #WestMelbourne #FloridaRealEstate #Florida #HeavyIndustrial #CityOfMelbourne

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📢 LIVE EVENT: Demystifying the NAR Settlement – What Every Agent Needs to Know! 📢 📅 Date: Tuesday 7/2/2024 🕒 Time: 10AM - 12PM EST 📍 Location: Hyde House @ 1646 W Snow Ave, Tampa FL, 33606 🔗 Register Now! The recent NAR settlement is creating ripples throughout the real estate industry. Are you equipped with the knowledge and tools to navigate these changes successfully? Join us for a 2-hour event where we break down the complexities of the NAR settlement and provide you with actionable insights to stay ahead. We are also leaving plenty of time for Q&A! Get your questions answered! 🔍 What You’ll Discover: 1. Understanding the Changes - Get a clear overview of the NAR settlement and its implications for real estate professionals. 2. Best Practices Moving Forward - Learn how to adapt your business practices to align with new regulations and maintain compliance. 3. Tactical Tips and Scripts for Success - Equip yourself with proven strategies and scripts to effectively communicate with clients and close deals in this new landscape. 📋 Key Takeaways: >>> Detailed Breakdown: An in-depth explanation of what’s changing and why it matters to you. >>> Proven Best Practices: Expert advice on how to adjust your operations and stay compliant. >>> Actionable Tactics: Ready-to-use tips and scripts to help you succeed under the new rules. https://lnkd.in/e9PnKQA3

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With higher #mortgage rates and sustained price appreciation, #cash buyers have increasingly comprised a higher share of Southeast Florida's home sales. The share of all-cash buyers has increased at both the lower price-point (less than $300,000) and the #million-dollar homes segment. On the one hand, the rising share of all-cash buyers of million-dollar homes is an indicator of the rising and sustained interest of wealthy buyers and the flow of #wealth into Southeast #Florida, either from out-of-state or international buyers. The migration of wealthy buyers creates more economic impact by fueling more second-round spending which affects the #retail #commercial real estate. On the other hand, the rising share of all-cash buyers in the lower-end of the market is another indicator of how the erosion in #affordability has sidelined the typical buyer who needs a mortgage. Falling mortgage rates should improve affordability somewhat. MIAMI forecasts the 30-year rate to fall to 6.6% December 2024 and 5.7% by December 2025 Check out our latest May 2024 #Southeast #Florida #Housing Metrics Report. https://lnkd.in/eB2axygA Miami Association of Realtors BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® MIAMI Commercial #miamiforwardthinking #miamiforwardfocus

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Florida Real Estate Inventory Surges Sellers Slash Prices The real estate inventory in parts of Florida is rising to uncomfortable levels - and sellers are starting to lower prices, according to the report. On Florida's west coast, the number of homes for sale and the rate at which their current owners are dropping their asking prices are soaring, according to a report from real estate firm Redfin released Thursday. https://lnkd.in/e5MMP448

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At a time when the #realestate industry is undergoing a change on how business is conducted, let's not forget what won't change: the real estate industry's impact on supporting #economic #prosperity and #wealth creation. In Southeast #Florida, the real estate and rental and leasing industry has helped create and foster: -$1.2 trillion in housing wealth (value of owner-occupied housing at April 2024 average home prices); $46 trillion nationally. Housing wealth rose as the number of homeowners ( and the #homeownership rate) and prices rose. -$61 billion in residential transactions (sales of existing homes) + $12 billion in commercial sales in Miami-Dade -19% of the area's gross domestic product -#small #business and entrepreneurship, with an average of 5 workers/establishment https://lnkd.in/eF4BTaB2 Miami Association of Realtors BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® MIAMI Commercial Young Professionals Network (YPN) Miami

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Investment Opportunities: The topic of investment opportunities in Central Florida's real estate sector is multifaceted. It encompasses a detailed exploration of various investment avenues, such as residential properties (including rental properties and vacation homes), commercial real estate ventures (such as retail spaces, office buildings, and industrial properties), and land development projects. Analysis of investment potential, market trends, rental yields, appreciation rates, and risk factors aids investors in making informed decisions and optimizing their investment portfolios. 📞 (407) 743-6593 📧 housesforsalefl@gmail.com #Broker #realestate #Realtor #BenchmarkRealestategroup #ToreyEisenman #CentralFlorida #RealEstateInsights #StayInformed

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