Monday, November 16, 2009

CIASF program: Saving Green by Retrofitting Green on

Thursday night, November 12, Becker & Poliakoff, hosted a very informative program on “Greening” existing buildings to the members and guests of CIASF. (Commercial and Industrial Association of South Florida.) It is no accident that the offices of Becker & Poliakoff are in the elegant Alhambra Towers which is an energy star rated building for 2009. The message conveyed by Alan Krinzman, LEED-AP and host of the event, that the business of creating more energy efficient and healthy building environments needs to begin now and that energy efficiency and LEED principles are not a fad, but a necessity that we all need to embrace.

Paul Cohen of CBRE was the moderator of a panel the included Scott Alexander of ProLogis that shared the success ProLogis has in California and Oregon in leasing roof space to the utilities for solar panels. He did share that this arrangement would not work well here for several reasons one minor one being the frequency of hurricanes. Two knowledgeable representatives from FPL attended and shared some very good information on taking advantage of their rebates and other initiatives some of which can be viewed at:

Hamad Rodriquez, the principal of Hamed Rodriguez Architects Inc. and Co-Owner of Energy Cost Solutions Group, LLC holds the esteemed honor of designing the first LEED Gold building in Dade County. His message was clear. Since LEED is a rating system, there are several points already built into our code and it is not difficult to make some conscientious and simple changes to achieve LEED certification and make a significant difference in the energy and water use of a building while creating a healthy environment for occupants. He also brought up that EA (Energy and Atmosphere) Credit One is just a portion of LEED, yet can still reduce energy costs and help the environment. You can download your own checklist from his web-site to see how close your building might be to earning LEED certification.

For more information of Miami’s office space market, please feel free to contact me at anytime at 786-433-2376.

Louise Bendix
ComReal Miami, Inc.

Thursday, November 5, 2009

Green Building Impact Report 2009

This second annual report, researched and written by Rob Watson, the "Founding Father of LEED," explores the impacts that LEED-certified buildings have already had on energy, water, waste and employee productivity -- and projects those impacts for the next 20 years.

According to report author Rob Watson, floor area registered and certified by the U.S. Green Building Council's LEED green building rating system in 2009 is estimated to grow by over 40% compared to last year's totals, for a cumulative total of over 7 billion square feet worldwide since the standard was launched in 2000.
Louise Bendix,LEED-APOffice Specialist
ComReal Miami, Inc. Commercial Real Estate Services
T 786-433-2376 F 305-591-9704 O 305-591-3044 X115

Sunday, November 1, 2009

Miami Industrial Market Report 3Q 2009

Due to recent negative press, it is especially important in this particular quarterly report to distinguish the industrial market from Miami's overall commercial real estate market (i.e. office, retail, multi-family, etc.) Financing remains a challenge for all commercial properties and businesses. Miami has about 245M square feet of total warehouse space. The vacancy rate rose slightly to 10% and lease rates fell slightly to $7.65 per square foot gross. By comparison, both of these stats happen to be about equal to the national averages. These figures are not all that bad considering we are in a national recession; things could be worse. However, in an effort to retain and attract prospective tenants, the more aggressive landlords further reduced their lease rates, offered free monthly rents and tenant improvement allowances.

Although the past three quarters have been very poor, there were three positive signs this 3rd quarter. First, overall activity and closed deals have significantly increased. ComReal reports 15 transactions all over 25,000 sq. ft. Secondly, there is only about 200,000 sq. ft. of warehouse space under construction right now which will improve absorption. Thirdly, national and local exports are on the rise partly due to the lower dollar value and higher standards of living across the globe. More exporting means more warehouse space in Miami. These three facts may give indication that Miami's industrial market has the potential to rebound faster than all other commercial property types.

For more information, please feel free to contact us anytime. We look forward to the opportunity to discuss your plans for 2010 and beyond.

ComReal's New Listings on the Market!

The Palmetto Warehouse located at 1401 NW 78th Avenue in Doral. The total size is 82,500 sq. ft. with 15,000 sq. ft. office space. The features include: dock level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport; and frontage on the Palmetto Expressway. For lease for $7.00 psf gross with purchase option. Visit
Miami Cooler Warehouse located at 6901 NW 41st Street in Miami. The total size is 15,000 sq. ft. with 1,800 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; proximity to Miami International Airport and major expressways. This property is ideal for food, beverage and flower distribution. For sale for $1,800,000 (or $118 psf).
Florida City Warehouse located at 30 NW 12 Street in Florida City near Homestead. The total size is 20,687 sq. ft. with 2,000 sq. ft. office space. The features include: dock and street-level loading; fully sprinklered; all-concrete construction; heavy electrical power; and more. For sale for $2,200,000 (or $ 106 psf).

Warehouse Buildings Sold by ComReal in 3rd Quarter

CRE Events of the 3rd Quarter

There were no major industrial real estate events this quarter due to the summer season. However, ComReal will be reporting on the following events in our year end report.

November 4th

Air and Sea Cargo of the Americas 2009

Miami, Florida, USA

October 29th

The SIOR World Conference

Toronto, Canada

October 16th

CCIM Success Series 2009

Honolulu, Oahu, Hawaii

ComReal News!!!

ComReal radio ad - just released! Be one of the first to hear it and be guided to a new website for There you will find more information the ComReal Miami warehouse market. This ad will air regularly on 880 AM The Biz Radio during The Neal Asbury Show every Friday from 5 to 6 PM. Checkout the website on his show at which discusses the topics of international trade, manufacturing, import/exporting, and more. Click here to Listen >>>

Michael Weihl leads The ComReal Companies Business Division with the launch of his new website at If you are interested in acquiring or disposing of an existing business opportunity, please consider contacting Mr. Weihl for a confidential consultation at 786-433-2503 or email at

Service Providers of the Quarter:

Sources: CoStar, CIASF, SIOR, CCIM, Beacon Council and The ComReal Companies

ComReal Miami, Inc.
8725 NW 18th Terrace, Suite 105
Miami, FL 33172
O 305-591-3044 F 305-591-9704
"For Over 30 Years, ComReal is Commercial Real Estate"