The Easton Group arranged the sale of a 21,890-square-foot warehouse/distribution facility in Doral just off 107th Avenue, north of the Florida Turnpike.
The Easton Group arranged the sale of a 21,890-square-foot warehouse/distribution facility in Doral just off 107th Avenue, north of the Florida Turnpike.
The Easton Group nabbed a northwest Miami-Dade warehouse, beefing up its South Florida industrial portfolio.
An Easton affiliate paid $14.3 million for the 76,000-square-foot building at 3121 Northwest 125th Street, records show. The deal breaks down to $188 a square foot.
Easton & Associates arranged a new 70,500-square-foot industrial lease at 6891 N.W. 74th St. in Medley to paper straw manufacturer ConverPack.
With a recent decline in material costs and a plethora of projects on their dockets, the firms atop TRD’s ranking of construction companies say they’re bullish on the next two years, but see trouble coming in 2021. See full article
Growing financial-technology company FlexShopper has a new home in 22,000-square-feet of office space in the Park at Broken Sound.
Easton & Associates helped relocate the company into its new space. See full article
SPECIAL REPORT Office Guide – The South Florida office market is something of a nonconformist. The real estate industry generally has been focused on urban cores offering a live-work-play lifestyle – think downtown Miami, Fort Lauderdale and West Palm Beach and Miami’s Brickell and Wynwood neighborhoods. But the office market increasingly has been checking out the suburbs. See full article
The suburban Miami-Dade County office market is running steady and expectations are for continued smooth sailing during 2019. Elliot LaBreche, vice president with the Easton Group, looks broadly across all of the suburban markets and sounds happy with what he sees. It has been a steady year. See full article
South Florida’s multifamily growth is headed for a slowdown this year but new investment opportunities are also opening up. Edward W. Easton, founder and chairman of The Easton Group, and three other well-known South Florida experts give their predictions on how 2019 will be shaping up. See full article
Easton Group Founder Edward W. Easton: In 2018, I predicted industrial rents would go up 3-5%, but they exceeded my expectations, rising on average around 11%. Going into to 2019, I think we will see more modest gains. There will still be very strong demand for small-bay warehouses 50K SF or less. In fact, the demand should outweigh the current supply. On the contrary, I think there is too much supply of the big-box warehouse space, but the absorption rate is happening faster than I had predicted last year. Still, I don’t think landlords will be able to get as much rent as they hoped for in the near term until the absorption rate picks up, which I think is possible due to the demand for last-mile delivery.
News in Brief – Week of June 15 –
Easton & Associates managed the lease of 152,800 square feet of warehouse space to Foreign Parts Distributors at 3000 N.W. 125th St. in Miami.
www.theeastongroup.com
THE EASTON GROUP
10165 N.W. 19th Street, Miami, Florida 33172
Phone
(305) 593-2222
Fax
(305) 591-3863