Middle Market Digest: Early This Week in Florida

Early this week in Florida saw progress at a Wynwood commercial real estate development even as Miller Construction wraps up one of hits projects. Miami stole the spotlight.

BY THE NUMBERS

Residents take shelter in hotels after hurricane evacuations. Hurricane Irma impacted the entire state of Florida and caused residents and visitors to seek shelter, elevating occupancy levels in the short term in areas outside of the evacuation zones. Roughly 6.4 million people were ordered to evacuate parts of southeast Florida, plummeting hotel occupancies and revenue metrics in metros including Miami-Hialeah and Fort Lauderdale as the hurricane made landfall. (Source: Marcus & Millichap)