Research

The Florida Realtors trade group reports that sales of single-family homes in the first quarter fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017.

“The bid ask between buyer and seller is large.”

While retail analysts continue to postulate the impact of the Winn-Dixie bankruptcy and its store closings, as well as Amazon's acquisition of Whole Foods', the fact remains that Publix is the “gorilla” in the grocery market, Avison Young states in the report.

The multifamily market's demand is outpacing deliveries by more than two-to-one, according to Berkadia's first quarter 2018 Houston multifamily report.

The tourism and hotel sectors had to overcome significant obstacles in 2017, including, Hurricane Irma in September, a 3.2% increase in hotel room inventory and the closure of the Miami Beach Convention Center for expansion and renovation.

Even office developments located farther from the metro are showing some signs of positive change.

The top-tier office markets were off to a slow start this year, wrapping up what looks like one of the worst quarters of the last five years as fewer than 30 office deals closed across the top four markets.

Packages will fade as more tenants take advantage of favorable lease terms, the development pipeline tapers off, sublease space is absorbed, and the newest and most efficient space is leased, says JLL.