Jim McCoy

Transform your Florida real estate investments into profitable ventures with strategic insights and advanced technology. Whether you're a novice or an experienced investor, our expert tips will guide you in making informed decisions to elevate your real estate portfolio. Read more: https://wix.to/du797jS #MaximizingYourInvestment

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Read MIAMI REALTORS® Chief of Strategic Initiatives Ana Maria Rodriguez’s column in South Florida Agent Magazine: MIAMI REALTORS® scores major legislative victories for South Florida property owners, including earlier-than-anticipated reduction of Florida’s business rent tax that will save commercial tenants $1 billion a year @southfloridaagentmagazine @senatoramr @advocacymdc @miamirealtorsadvocates @miamism https://lnkd.in/eFW9V4b7 Florida’s commercial lease sales tax will go from 4.5% to 2% on June 1, weeks earlier than originally expected. The 2.5% reduction was originally slated to begin July 1. This is a significant and hard-fought victory as Florida employers will receive at least $1 billion in tax relief beginning June 1, according to Florida Commerce. By cutting Florida’s business rent tax by more than half, this will ease the strain on Florida employers, making it easier for them to grow their business, hire new employees and continue to thrive.

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Read MIAMI REALTORS® Chief of Strategic Initiatives Ana Maria Rodriguez’s column in South Florida Agent Magazine: MIAMI REALTORS® scores major legislative victories for South Florida property owners, including earlier-than-anticipated reduction of Florida’s business rent tax that will save commercial tenants $1 billion a year @southfloridaagentmagazine @senatoramr @advocacymdc @miamirealtorsadvocates @miamism https://lnkd.in/eFW9V4b7 Florida’s commercial lease sales tax will go from 4.5% to 2% on June 1, weeks earlier than originally expected. The 2.5% reduction was originally slated to begin July 1. This is a significant and hard-fought victory as Florida employers will receive at least $1 billion in tax relief beginning June 1, according to Florida Commerce. By cutting Florida’s business rent tax by more than half, this will ease the strain on Florida employers, making it easier for them to grow their business, hire new employees and continue to thrive.

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Miami-Dade is one of the top markets for multifamily housing moving forward. The low supply of affordable multifamily housing units and the high demand are commanding rent growth. Developing underused land for higher density housing is going to be critical to meet demand. While some may say "not in my backyard", multifamily housing can be tastefully developed and artfully managed when partnered with the right team. Having local support and buy-in from local officials is a great place to start with any multifamily project.  If you would like to learn how to invest in multifamily and are an accredited investor, let's chat! 👉 https://lnkd.in/euGPm3RA #passiveinvesting #accreditedinvestors #alternativeinvesting

Up 15%. #ThursdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance South Florida’s Office Market Stands Apart for All the Right Reasons. Miami-Dade office rents are up 15% from last year, Palm Beach County up 31%. As more workers return to offices, South Florida continues to achieve new records and stand apart from the rest of the nation’s slumping and distressed office market. Overall asking office rental rates in Miami-Dade County rose to an average of $66.33 per square foot per year in the third quarter, up 15 percent from a year earlier, commercial real estate firm JLL (JLL) reported In a separate study, Cushman & Wakefield (CWK) reported that office rents in Miami-Dade’s central business district rose to $79.54 per square foot during the third quarter. #SourcingAndSelling #SellingAndSourcing #AreYouReadyToSell #Q4 #CanCloseIn2024 #Countdown #LessThan90Days ~ If you have real estate, and you are willing to entertain offers, have debt to refinance, or in need of insurance for your properties, reach out to me with the details: [email protected] 305.203.2070 ~ Contact Us for Commercial Investments, Financing and Insurance. ~ Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProperty ~ https://lnkd.in/gJyV-5fA

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🔍 Curious about the latest trends in South Florida's commercial real estate? We've got the insights you need to make informed decisions. What’s your favorite aspect of the market right now? Share with us! 💭 #MiamiRealEstate #CommercialRealEstate #MiamiMarket #InvestInMiami #RealEstateTrends #MiamiBusiness #OfficeSpace #MultifamilyHousing #IndustrialRealEstate #RetailMarket #MiamiLiving #EcommerceGrowth #RealEstateInvesting #PropertyManagement #MiamiInvestment

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The South Florida real estate market is evolving, presenting new opportunities for both buyers and sellers. While July and August saw a slight cooling in sales, home prices remain strong and inventory is on the rise, offering more options for buyers. We anticipate a steady pace in September closings, setting the stage for a potentially more active fall season.

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🏙️ Malls to Mixed-Use Communities: The Future of Urban Living? The transformation of underperforming malls and offices into vibrant, mixed-use neighborhoods is gaining momentum! A prime example is the Shops at Sunset Place in South Miami, where developers plan to turn a nearly vacant mall into a bustling community with 1,500 apartments, hotels, retail spaces, and more. 🏗️ This shift isn’t unique—across the U.S., malls and offices are being reimagined as residential hubs. With housing in high demand and malls and offices struggling, this trend offers a win-win for communities and developers alike. 🏠 #RealEstate #MixedUseDevelopment #UrbanPlanning #HousingCrisis #PropertyTrends

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Florida’s May Home Median Prices, New Listings Up In May, Florida's housing market showed robust growth with increases in new listings, higher inventory for sale, and rising median prices compared to a year ago, according to the latest data from Florida Realtors®. The median sales price for existing single-family homes rose by 15.2% to $426,581, while condo-townhouse units saw a 13.8% increase to $330,000 year-over-year. Closed sales of existing single-family homes totaled 26,252, down slightly by 0.5% compared to last year, while condo-townhouse sales decreased by 8.6% to 10,415 units. May's data reflects ongoing trends observed in recent months, with notable increases in new listings contributing to the market dynamics. Inventory levels varied across the state, with some areas experiencing levels below pre-pandemic norms, particularly in South Florida, while suburban and exurban regions around major metros like Tampa-St. Pete, Orlando, and Jacksonville saw inventory levels surpassing pre-pandemic levels. The supply side showed increases in active listings: Single-family homes had a 4.4-months' supply in May, while condo-townhouse inventory stood at a 7.2-months' supply, indicating diverse market conditions across Florida. For more detailed housing activity reports, contact [email protected]. READ the entire article at: https://lnkd.in/e36UkD8Z

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🏢 Miami-Dade condo sales volume drops in August – what does it mean for the Miami real estate market? August saw a significant dip in Miami-Dade's condo market, with sales volume dropping to $470 million from $624 million in July. The number of closings also decreased, from 810 in July to 712 in August. According to Redfin, the median sale price dropped to $380,000 from $407,500 in July, while PPSF fell to $388 in August, down from $416 in July. So, what does this mean for Miami's real estate market? This dip could indicate a cooling period after a hot summer market, potentially offering buyers more opportunities as competition slows. However, the fluctuations in sale prices and price per square foot suggest that while the market stabilizes, it remains dynamic. What are your thoughts on this shift? 🤔 #realtormiami #housesmiami #luxuryhouse #luxurymiami #brokermiami #miamirealestateadvisor #miamirealestateexpert #miamirealtor #miamirealestateinvesting #miamirealestatebroker #miamirealestateagent #miamiluxuryrealestate #miamirealestateindustry #miamirealestatetrends #miamibeach #realtorlife

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