MIAMI—The investor demand for all asset classes of commercial real estate in Miami continues to strengthen with the economy. So says Michael T. Fay, principal and managing director at Avison Young in Miami.

“In addition to a boost in sale values, we are also seeing a boost in transactions—whether on or on or off market—as investors seek to create leaner portfolios,” Fay tells GlobeSt.com. “Prices are still on the rise, and there is still much more money coming into the market as demand outpaces supply.”

Avison's sales volume in the past year alone tells a big story. And, of course, Avison is not the only firm brokering big commercial real estate deals in South Florida.

In less than a year, the Avison Young Capital Markets team has completed $190 million in transactions. Over 30% of those sales were completed with foreign capital. That, says Fay, demonstrates that the increased value of the US dollar has not negatively impacted sales in Miami.

“Foreign investors that remain very active are Emirate, Chinese, European, and of course South American,” Fay says. “However, beyond capital markets, the impact of the dollar boost may affect real estate in a different way: construction costs are on the rise, and investors and developers are starting to review their options more judiciously.” 

Want more perspectives on how the US dollar is impacting foreign investment is impacting commercial real estate sales in South Florida. Read this: How Foreign Investment is Changing.