CIASF Video of America’s Anti-Trade Policies and it's impact on Miami Industrial Real Estate Market

Please enjoy watching this video from the CIASF luncheon with Neal Asbury. Sponsored by ComReal Miami and Edward Redlich. Please read Mr. Redlich's introduction here: http://comrealmiami.blogspot.com/2009/07/ciasf-americas-anti-trade-policies.html

For more info on Miami's industrial real estate market, please contact Edward Redlich at 786-433-2379 or www.edwardredlich.com

Flagler Station Hosts CIASF (Miami, FL) from Flagler (www.flaglerdev.com) on Vimeo.

CIASF: America’s Anti-Trade Policies

CIASF Luncheon Event

Topic: “America’s Anti-Trade Policies”

Sponsor: The ComReal Companies in Miami

Date: July 10th , 2009

Location: Flagler Station Business Park in Medley, FL

Good afternoon everyone! My name is Edward Redlich and I’m with The ComReal Companies of Miami. This year, The ComReal Companies celebrate its 30th year in South Florida’s commercial real estate market. ComReal continues to be a proud sponsor of this organization. Although we have invested in a few minutes to speak today about our company, I’d much rather allot my time to introduce a gentleman who is going to educate us on a much more important topic. The topic is “America’s anti-trade policies”. Mr. Neal Asbury is both an excellent communicator on the subject and a true visionary. Personally, I believe that he just might be the “Missing Link” between those of us in the commercial real estate profession and the customers that we serve.

Before I give you the background on Mr. Asbury, allow me just a moment to tell you why ComReal and I support the Miami CIASF organization. We do it to promote the commercial real estate industry and for the knowledge. Today, our South Florida industrial real estate market has experienced three quarters of extremely low deal volume. Rental rates and sales prices have fallen between 20% and 40%; or even more. Vacancy is over 10%. We fear the negative trend may continue. However, our industry can flourish once again with the right stimulus. In my opinion, one solution is for America to aggressively promote the liberalization of international free trade. As international trade increases, so does the activity for industrial real estate properties. Perhaps there is no other area of the country where international trade is more important to the CRE industry than right here in South Florida.

Now, let me tell you how I came across Mr. Asbury. Not only am I a deal junkie, but I’m also a news junkie. I discovered Mr. Asbury over a year ago while surfing the internet I came across his blog at www.asburysworld.com.

I was instantly impressed by the over 100 articles that he has published on global trade issues. He has also been quoted in newspapers such New York Times and the Wall Street Journal. Mr. Asbury has addressed the United Nations, various universities and numerous trade associations; such as ours today. In addition, he hosts The Neal Asbury Show from Coral Gables which airs live on Fridays from 5 to 6 PM on the radio at 880 AM. The station is affiliated with Bloomberg Radio and CNBC. In just a few hours from now, he will be interviewing US Ambassador John Negroponte. So be sure to tune in this afternoon and you may also grab his flyers on the front desk to learn more.

Not only is Mr. Asbury an expert commentator on the subjects of international trade and manufacturing, but he actually operates his own companies: Legacy Brands and Greenfield World Trade which manufacturers, sells and services American-made products to over 130 countries worldwide. So, when you hear him speak in a moment, please understand that he is not a politician, but a true American entrepreneur.

Before Greenfield World Trade he had founded Asbury WorldWide in 1987 which became the largest American export management company in its segment with twelve distribution centers around the globe. In 1989, he began FAB Asia in the Philippines which was the Asian exclusive fabricator of commercial kitchens for McDonalds and other restaurant chains. For all of his efforts, he has earned several industry awards. He is chairman of the South Florida District Export Council, appointed to serve by the U.S. Secretary of Commerce. He is a member of the International Advisory Committee to the Governor of Florida and a member of the prestigious International Policy Committee of the U.S. Chamber of Commerce in Washington.

Now, when my father got me into this business 15 years ago, he always told me, “Ed, when you want to get something done, give it to someone who is busy”. Neal, I do not where you find the time to get all of these things done, but we sure do appreciate your taking the time from your busy schedule to address our group. Thank you very much. Please welcome Neal Asbury….

Ed Redlich and Neal Asbury

Contact: Edward Redlich of ComReal Miami. 786-433-2379 or visit www.edwardredlich.com

ComReal Miami Industrial Division: 1st Quarter 2009 Report

As expected, Vacancy Rates increased to 8.8% and Lease Rates decreased to $8.30 psf. However, the differences were slight. For being in a national recession, much of Miami’s industrial real estate market is doing fairly well compared to other industries. Expect to see good leasing and buying opportunities throughout 2009.

The Miami Airport West submarket continues to be in higher demand overall due to its access and proximity to the airport. Class A facilities in this submarket will retain most of their value even in a down market. Although property values have decreased overall, we are confident that high quality assets in good locations are better positioned to drive performance as the market recovers.

Overall deal volume is certainly down. The top ten lease deals for the quarter averaged only about 9,350 sq. ft. in the entire County! In this period, ComReal successfully negotiated three of the largest leases including: Lemonade Xpress of 16,455 sq. ft.; Blue Trading of 10,667 sq. ft. and Pet’s Area Code of 13,500 sq. ft.

ComReal has been appointed the exclusive leasing agent for Beacon at 97th Avenue in Doral. This is the only Class A business park in Miami that is fully fenced, secured with video surveillance and security guard. Current tenants include Ace Hardware, Bell Microcomputers, US Post Office and Clover Logistics. Of the 400,000 sq. ft. total space, there are two spaces available of 44,000 and 103,000 sq. ft. (fully A/C’d). For more info, please visit www.Beacon97.com.

ComReal was proud to participate in the following events:

¨ Port of Miami Tour with Bill Johnson, Director

¨ Florida Customs Brokers & Forwarders: Miami Cargo Theft

¨ CCIM Miami with Pedro Garcia Miami-Dade County Appraiser

¨ SIOR Tour of Orlando Commercial Real Estate Market

¨ CCIM Miami 2009 Annual Outlook Conference

¨ CIASF Industrial Market Report 2009 Annual Meeting

Please visit www.edwardredlich.com for the complete CRE market reports, news events and more. Feel free to contact us anytime for a confidential consultations. Thank you.

2009 SIOR Commercial Real Estate Index

SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (SIOR) is known for it's exceptional market knowledge and capabilities of its members and the SIOR Commercial Real Estate Index. Ed Redlich, one of only 25 Miami SIOR's, has provided a summary of the results of the 4th Quarter 2008 survey below for the Miami industrial real estate market.

The Industrial Market Index, a miniscule 2.1 points higher than office, fell 15.4 points, its greatest quarter-to-quarter decline since the Index began in Third Quarter 2005, landing it at 43.6 points to end the year.

Respondents from the South, scored 54.2 points—the best score of all the regions—helped along by the East South Central and West South Central sub-regions which reported a score of 57.8 and 66 points scores respectively. Compared to other regions, vacancy rates in the South were closer to their Fourth Quarter 2007 level and respondents from the South reported stable prices.

Posted by
Edward Redlich
SIOR Miami
786-433-2379
eredlich@comreal.com

Miami Industrial Market Report for Year End 2008 by ComReal

The second half of the year 2008 experienced declines in lease rates;
sales prices and overall transaction volume. Miami’s Industrial Market
has seen lease rates decrease 10-20% and vacancy is now over 8%,
and climbing. A good Tenant Rep Broker can negotiate lease rates
down further and achieve better terms. This is good news for those users
seeking to lease (or purchase) Miami warehouse space. Landlords
have to offer more rental concessions such as free rent and tenant improvement
allowances. Expect the entire year of 2009 and likely into
2010 to be full of major leasing and buying opportunities. (Notice in the
chart below, that lease rates in all regions have declined nearly $2.00
psf from their recent peaks).

Source: CIASF Industrial Report Miami 2009

Financing is still a major problem, especially if you are an investor. So
expect to see more transactions either owner financed, joint ventured,
paid all cash and/or leased with a purchase option. Overall transaction
volume may likely remain low in the upcoming year for 2009. Most
speculative construction is on hold.

ComReal continues to be a leader in the commercial real estate industry.
Since 1979, ComReal has been a reliable firm to advocate its clients’
warehouse needs with experienced professionals. According to
CoStar, ComReal Miami completed the 4th largest lease transaction
and the 3rd largest sale for the year.

ComReal Miami is proud to advertise the Commerce Park Warehouse;
an 127,000 sq. ft. warehouse on the FEC Rail near Miami International
Airport. (Visit www.miamiairportwarehouse.com).

For the complete market reports provided by CoStar and CIASF,
please visit www.edwardredlich.com/News&Press.htm

For commercial real estate info across the country please visit http://commercial-real-estate.cc

ComReal Miami 3rd Quarter Industrial Market Report

ComReal Miami has released it's 3rd Quarter Industrial Market Report for Miami-Dade County. As expected, Vacancy Rates have risen from 6.7% to 7.5%. However, the average Lease Rate slightly increased to $8.53 psf Gross. The explanation for this is that Landlords are still holding on to high Miami warehouse lease rates as long as possible. But expect landlords of Miami warehosue spaces to make more concessions as the economy softens and there are fewer tenants seeking to lease space. ComReal also expects a slow retail, holiday season for the 4th Quarter of 2008. This will eventually effect the Miami warehouse occupancy rate as tenants reduce their inventories.

One of the largest for the 3rd Quarter was ComReal's lease of a Hialeah warehouse space of 103,000 sq. ft.

To download the entire report, please visit http://www.edwardredlich.com/News&Press.htm

Edward Redlich, SIOR, CCIM
Vice-President Industrial Sales and Leasing
ComReal Miami, Inc.
eredlich@comreal.com