About Us
By The Sea Commercial brokers have been representing clients in commercial real estate transactions since 1992.
We specialize in hotel/motel, retail, restaurant, multi-family and marine properties in the cities of coastal Broward County including Fort Lauderdale, Lauderdale-by-the-Sea, Pompano Beach, Deerfield Beach and Hollywood.
We specialize in hotel/motel, retail, restaurant, multi-family and marine properties in the cities of coastal Broward County including Fort Lauderdale, Lauderdale-by-the-Sea, Pompano Beach, Deerfield Beach and Hollywood.
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By The Sea Realty, Inc.
Commercial Services
2400 East Commercial Blvd.
Suite 708
Fort Lauderdale, FL 33308
(954) 351-7007
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Commercial Services
2400 East Commercial Blvd.
Suite 708
Fort Lauderdale, FL 33308
(954) 351-7007
South Florida Multifamily Market Remains Strong
/in Multifamily /by Rich BarnhartMultifamily ask and sale prices continue their upward trend while inventories remain low.
Current Fort Lauderdale market trends data indicates a decrease of -0.6% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with an increase of +15.7% compared to last year’s prices. County-wide, asking prices for Multifamily properties are 2.8% higher at $114,665 per unit compared to the current median price of $132,183 per unit for Multifamily properties in Fort Lauderdale, FL.
Miami Fort Lauderdale Multi-Family Market Remains Hot
/in Multifamily /by Rich BarnhartMulti-family Asking Prices in Fort Lauderdale
Current Fort Lauderdale data indicates an increase of 6.7% in the median asking price per unit for multi-family properties compared to the prior 3 months, with an increase of 19.9% compared to last year’s multi-family prices.
Metro Area Multi-family Sales Prices
Sales price data indicates a 15.2% increase year over year in multi-family sales prices in the Miami/Fort Lauderdale metro area.
Fort Lauderdale Multifamily Continues Upward Trend
/in Multifamily /by Rich BarnhartMultifamily Sales Price Trend (per unit)
The Miami/Fort Lauderdale Metro multifamily market continues its upward trend with per unit sale prices up 14.9% year over year. This trend is relatively modest compared with previous years. This time 3 years ago properties were trading for about $45,000 per unit. Now the median sales price per unit is over $81,000.
Multifamily Asking Price Trend (per unit)
Current Fort Lauderdale multifamily asking prices are up 13.6% over last year which is currently outperforming the metro area which is up 10.7%. The Fort Lauderdale multifamily trend is also up more than Broward County and the state of Florida which are trending at 12.5% and 12.2% respectively. After peaking in mid 2013 asking prices are again rebounding in Fort Lauderdale with median ask price at $121,793 per unit.
Fort Lauderdale Retail Rebound
/in Retail /by Rich BarnhartThe Fort Lauderdale retail segment has rebounded nicely over the past year, but still has a long way to go to reach the peak we experienced in 2007. Recent improvements in this segment are directly related to the strong housing and labor markets. Low vacancy rates and positive absorption are driving asking retail rent rates as demonstrated in the graph below. Asking rents in Fort Lauderdale are up 6.5% year over year compared to state and metro area increases of 2.2% and 2.9% respectively. For information on available retail space for sale and lease in the Fort Lauderdale area please contact us.
PKF Hospitality Research Forecasts Record Hotel Performance in 2014
/0 Comments/in Hotel Motel /by Rich BarnhartAccording to the June 2014 PKF Hospitality Research, LLC’s (PKF-HR) Hotel Horizons® forecast report, the U.S. lodging industry will achieve an occupancy level of 63.6 % in 2014, topping the pre-recession peak of 63.1 %. According to Mark Woodworth, president of PKF-HR, hotel owners and operators will begin to see real recoveries in average daily rates (ADR) and net operating income (NOI).
By year-end 2015, PKF-HR projects the following milestones:
Read the entire article at Hotel News Resource or visit Hotel Horizons® to purchase a June 2014 report.