Paola Iuspa-Abbott

Hear me on the Miami Reporters Roundtable podcast talking about South Florida real estate. What areas will developers target next with the Live Local Act?

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As this story demonstrates, stability is a key component to #communityimpact, and one that CDT is focused on in its long-term investments in preserving existing #affordablehousing. https://lnkd.in/ehNJ_uxy #affordablehousing #affordablehousingfinance #communityimpact

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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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Broward County’s commercial real estate market shines with growth amid diverse trends. Fueled by the Florida Panthers' NHL Stanley Cup run, the area has seen significant economic activity and a stable vacancy rate, slightly above pre-pandemic levels. Despite varied leasing and absorption trends, the market benefits from rising rental rates and strong demand, particularly in Downtown Fort Lauderdale and premium submarkets. With $110 million in economic impact and upcoming high-quality projects like T3 FAT Village - Fort Lauderdale, Broward is poised for continued growth through 2024.

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MBA Forecasts Significant CRE Lending Growth This Year https://lnkd.in/diRCxQ2z GSEs Will Implement New Multifamily Lease Standards in February 2025 https://lnkd.in/dtG6uCiH Real Estate Developer Files Application to Build Miami Apartments and Commercial Space https://lnkd.in/drDURm5c Calling All CRE Tech Experts https://lnkd.in/d6PCTs67 Older offices are the biggest concern for U.S. commercial real estate, says investor https://lnkd.in/dGjHqSwj

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We’re excited to share insights from South Florida Business Journal regarding our Flagler Village project. This prime site acquisition marks another step in delivering a vibrant, mixed-use community to one of Fort Lauderdale’s most dynamic neighborhoods. Read more about the details of this acquisition and our vision for Flagler Village by clicking the article below. #SPDevelopments #FlaglerVillage #FortLauderdaleDevelopment #MixedUseProject #UrbanGrowth #SouthFloridaBusinessJournal

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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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Greenspoon Marder partner Manny Crespo will be moderating the "Building the Miami of the Future: Balancing Challenges with Infrastructure, Rising Costs, Continued Demand and Current Trends" panel at the Commercial Observer - South Florida Development & Capital Leadership Forum where he and other panelists will address how local leaders and developers are addressing issues around infrastructure, schools, transit and resiliency planning. Click here to learn more ➡️ https://ow.ly/B2GR50TwvE6 #MiamiFuture #SouthFlorida #CommercialObserver #DevelopmentLeadership #InfrastructurePlanning #TransitSolutions #ResiliencyStrategies #LocalDevelopment #UrbanPlanning #RealEstateTrends

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The South Florida housing market in the third quarter of 2024 presents a dynamic and evolving landscape, offering both opportunities and challenges for buyers, sellers, and investors. Overall, the market is experiencing a period of adjustment, setting the stage for sustained activity and investment in the coming months. The number of closed sales transactions in the third quarter saw a year-over-year decline of 8.3%. Transaction volume of 17,968 units is a sharp contrast from the recent peak of 28,202 units closed in second quarter 2022. As of the end of the third quarter of 2024, the median sale price for homes in the tri-county area stands at $490,000, reflecting a 5.4% year-over-year increase. This figure is just slightly below the all-time high of $500,000 recorded in the second quarter of 2024. Active inventory in South Florida across all property types has continued to trend higher since the pandemic low in early 2022, increasing by 60.9% year-over-year to 41,538 units. Specifically, the inventory of single-family homes rose by 43.2%, while the number of available condominiums and townhomes surged by 72.5%. Learn more about the South Florida housing market at our web site.

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