Newmark Grubb Knight Frank team guides a $13.5 million retail deal in Broward County.
November 15, 2016 at 02:00 AM
1 minute read
When Miami becomes too pricey, investors begin looking north.
Michael Lapointe, executive managing director with Newmark Grubb Knight Frank, said investors are finding less deal supply in Miami-Dade County compared to its northern neighbor. When they do close transactions in Miami-Dade, the cap rates are generally lower than comparable assets in Broward County.
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