Thursday, December 10, 2015

Sunbeam Propeerties’ Andrew Ansin Sees Continued Demand for Apartment Land in 2016

Andrew Ansin
MIRAMAR, FL -- Andrew Ansin, vice president of Sunbeam Properties, developer of the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida, predicts the commercial real estate markets for industrial, multifamily, office and flex space will continue to be strong in 2016.

Here are his predictions:


The market will continue to absorb new space coming online.

Rents will only increase slightly, as they are restrained by pre-sold product being developed in North Dade.

There is only a limited supply of land remaining for industrial development in the Dade/Broward market, so land prices will continue to escalate.

MPC will complete its last warehouse building, bringing an end to 30 years of warehouse development, during which it has  built and leased over 5 million square feet of space.

No other industrial product is in the pipe line for SW Broward for 2016, historically a big player in the industrial market.

Existing tenants will continue to expand.


Rents and activity will continue to increase as the economy slowly chugs along.

New construction will occur both by owners and speculative developers.

Land prices will increase, reflecting increased demand and a limited number of sites.

MPC will build its first speculative flex/office building in almost 10 years.

 Both markets are also squeezed by the continuing demand for apartment land and the higher prices sites will sell for if they can be developed as apartments instead of industrial or flex/office.

 For a complete copy of the company’s news release, please contact:

Lexi Robinson
Pierson Grant Public Relations
6301 Northwest 5th Way, Suite 2600
Fort Lauderdale, FL 33309

Phone: (954) 776-1999, ext. 255

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