Month: February 2021

As has been reported extensively in the press, a number of Metronomic properties are being auctioned. The properties being auctioned are available for purchase individually or in any combination, or one can bid on the entire package of properties. As can be seen, these are generally located in Little Havana and Coconut Grove, two of the more desirable areas in Miami-Dade county. In the map, click any icon for rough details and a link to the address on Google Maps from where one can access their Streetview of the property.

Hawkins Commercial Realty is not managing this auction, but can assist any buyer with it as a buyer’s broker. Buyer’s/Co-broker/selling broker compensation to be paid by the seller is already built into the process. If you are interested in having Hawkins Commercial Realty help you with this as a buyer’s broker, contact James Hawkins (786-581-7990). Initial offers are due immediately. So, if interested, don’t tarry.

The post Mapping the Metronomic Properties Being Auctioned appeared first on Hawkins Commercial Realty.

The chart herein shows the number of closed sales of Miami-Dade commercial properties, including improved commercial property and vacant commercial land, recorded in the Miami MLS, for the two years ending January 2021. One can see that this is the slowest month since the initial onslaught of COVID-19 in April and May of 2021. Looking further, however, one can also see that this is characteristic for the first part of the year, presumably a lull following the rush to get deals closed before year end. This is only for sales booked in the Miami Multiple Listing Service (MLS). This does not record all commercial property sales, but it records many. Given that it doesn’t record all sales it can’t be said to be perfectly representative of the asset class. Nevertheless, given that it is representative of commercial property sales that have also been so recorded in a prior period versus the current one, i.e. apples to apples, it should be fairly reliable for gauging change.

The post Chart: Miami-Dade Commercial Real Estate Sales Volume Characteristically Sluggish for 1st Month of Year ~ January 2021 MLS appeared first on Hawkins Commercial Realty.