“Back like a Phoenix”: South Florida office investment sales pick up, distress and discounts linger 

South Florida’s office market experienced an uptick in investment sales over the past year, marking a comeback after a slowdown. Yet, distress and discounted deals are lingering, as elevated interest rates and other economic headwinds remain.   Deal volume reached nearly $2.2 billion in the tri-county region in the 12-month period that ended Sept. 30, marking a 28 percent increase from the same period last year, according to data from CBRE. It also is a nearly 100 percent boost from the $1.1 billion sales volume during the 12-month period that ended Sept. 30 2023, when investment sales hit their lowest point […]

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