Florida is Arguably the Hottest CRE Market

Florida is at the top of the commercial real estate market. According to the NAR Commercial Real Estate Market Conditions, Florida has 9 of the top 15 metro areas. This means Florida is the hottest market as of 2021 Q4 results. NAR’s CRE Market Conditions Index is calculated by the number of variables where a metro area’s conditions are stronger compared to a national total number of indicators. An index above 50 means market conditions are stronger nationally, and index below 50 means local market conditions are weaker nationally.

For more information regarding the top CRE markets of Q4 2021, click here.


Commercial Real Estate Market Expected to Grow Despite Rising Interest Rates

Great news for commercial real estate investors! Even though interest rates are rising the commercial real estate market is expected to perform well. Rent prices are going up in all sectors, but specifically the industrial sector is thriving. Industrial rents are expected to continuously rise over the next two years resulting in a higher return on investments.

For more information regarding the growth of the commercial real estate market, click here.


Pandemic prompts Wall Street to look south for Florida’s life and work benefits

Florida’s warm weather, low taxes, affordable space and quick, easy flights back to the Northeast have many Wall Street companies abandoning cities like New York for the Sunshine State. Companies like Elliott Management, Citadel and Goldman Sachs Group Inc are just a few to say they will open satellite offices for a location close to the beach. For commercial real agents, this is dream come true. Find out more about this positive pandemic trend by clicking here:

Cohen de Mayo Celebration

Cinco de Mayo is a holiday that celebrates the Mexican army’s victory over France at the Battle of Puebla in 1862 during the Franco-Mexican War. In America, we tend to celebrate Mexican-American culture on this wonderful day. 

For Cinco de Mayo, Cohen Commercial hosted an extravagant team-bonding event at Rocco’s Tacos in Palm Beach Gardens. Throughout the day, the clock was ticking, and the keyboards were clicking. Cohen Commercial team members were working hard throughout the day to ensure a timely arrival to Rocco’s Tacos. The day went by as fast as lightning and before we knew it, it was time to celebrate.

The team anxiously piled into their at cars at 4:45, excited to chat, laugh, and enjoy each other’s presence. With only fifteen minutes to spare, the Cohen Commercial team flooded into the parking lot. As we walked into the restaurant, the music was booming, customers were smiling ear to ear, and the crisp breeze was gently flowing past our faces. We arrived at our table which was topped with nachos, quesadillas, burritos, and fresh pitchers of margaritas. The chatters of coworkers, the shuffling of feet and the tune of The Macarena filled our ears. Everyone wore a smile on their face. We love that we can kick back and relax with our team at these types of events.

We are thankful that Cinco de Mayo gave us an excuse to support, grow, and get to know one another better. There is nothing more heartwarming than seeing everyone get together and have a great time.