woodrufffl

April 2016

Is South Miami City Hall going to be sold?

According to Miami property management, South Miami commissioners and staff are currently negotiating the price for the City Hall. Some residents however are reluctant to part with their City Hall. Steven Alexander, the City Manager mentioned that over the past two years, several different entities have expressed their interest in the property. Oxford Group Holdings offered for $30 million for the...

Office space rentals heat up in Palm Beach and Miami-Dade

Cushman & Wakefield reported that both Palm Beach and Miami-Dade Counties are included in the top 10 nationwide in demand for office space and rent growth for the first quarter of 2016. From January until March, Miami-Dade County ranked second and consumed 907,000 square feet for office space, just behind Metro Denver’s 909, 000 square feet. Miami-Dade ranked 6th place overall with an 11.8% rental rate...

South Florida home prices unlikely to decline

Florida property management believe that the likelihood that South Florida homes will depreciate is narrow. Reports from Arch Mortgage Insurance Co. show that in a span of 3 years, the chances that Palm Beach County homes will have lower market values is only 3%. Both Broward and Miami-Dade counties as well as 22 other areas located in Florida have a 2% chance of price depreciation. The Arch risk index...