MIAMI—The investor demand for all asset classes of commercial real estate in Miami continues to strengthen with the economy. So says Michael T. Fay, principal and managing director at Avison Young in Miami.
“In addition to a boost in sale values, we are also seeing a boost in transactions—whether on or on or off market—as investors seek to create leaner portfolios,” Fay tells GlobeSt.com. “Prices are still on the rise, and there is still much more money coming into the market as demand outpaces supply.”
Avison's sales volume in the past year alone tells a big story. And, of course, Avison is not the only firm brokering big commercial real estate deals in South Florida.
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