The Most Recent Miami Commercial Real Estate Survey Reveals Vital Information About The Market
In fact, a recent survey made has proven that the confidence among people has grown by as much as 82 percent which marks a 6 percent rise compared to that of last year as many feel that the driving force behind such renewed confidence is the fact that the economy of the nation has definitely improved over the last couple of months.
As far as forecast and expectations are concerned, people are more inclined to believe that the multifamily sector of the Miami commercial real estate market is bound to be the most active since there are more people who are learning to utilize the demand for these types of real estate properties in order to generate profitable investments.
People also expect that the overall market for the Miami region is bound to be found at its pre-recession stages before the end of the year due to the rate at which activity is going at the moment. Of course, it goes without saying that the road to recovery is as tedious as any other, especially since the Miami commercial real estate market could also become affected by a number of influences which include those of debt and equity financing, the condition of the economy in Europe, as well as the looming issue regarding the growing energy cost worldwide.
It is believed that two of the biggest reasons why people have not been as confident in the Miami commercial real estate market in the past is due to current administration as well as the economic uncertainty around the world today.
On the other hand, people who have been asked to identify what issues they feel are standing in the way of an even better Miami commercial real estate market is that of availability of credit since that seems to be the one of the biggest issues around. But many feel that even that has improved as numbers have gone down by as much as 10 percent from last year’s figures. But the number of people who feel that the policies being implemented by the government are grounds to lose faith in the market has gone up by 25 percent despite the on-going improvements that are being seen on the local market.
Joan Vonnegut
Miami Commercial Real Estate
