Integra sponsors UM Commercial Real Estate Sentiment Survey for second consecutive year
Mar 3, 2020
FOR IMMEDIATE RELEASE
Integra sponsors UM Commercial Real Estate Sentiment Survey at UM’s Real Estate Impact Conference for second consecutive year
Report Produced in Collaboration with University of Miami’s (UM) Real Estate Research Initiative Indicating Overall Consensus Regarding the Need to Develop Resiliency Strategy in South Florida
MIAMI, FL — (March 2, 2020) —In collaboration with Integra Realty Resources (IRR), the University of Miami conducted its second annual Commercial Real Estate Sentiment Survey in South Florida (Nov – Dec 2019) to represent a proxy for current market sentiment and provided key insights into the coming year with respect to the availability of capital, and direction of the commercial market throughout South Florida. The results were presented by the graduate student team at UM’s annual Real Estate Impact Conference at the Four Seasons Hotel in Brickell on February 28, 2020, featuring more than 500 attendees. The conference was hosted by the UM School of Architecture and the Miami Herbert Business School.
Integra’s CEO Anthony M. Graziano, MAI, CRE, who played a key role in managing the research project team, says “According to our survey results, South Florida’s commercial real estate market outlook has many bright spots in the year ahead. Respondents expect increasing values and transaction volume across the major asset classes in 2020, and interestingly, those predicting near-term recession in the coming 12 months fell by roughly 50% over last years’ survey.”
This year’s survey also included a special focus on understanding how the South Florida real estate community perceives ongoing efforts to incorporate resiliency into real estate development, added Graziano. “The overall consensus is we can do better to incorporate resilient design in South Florida to adapt existing buildings and build new buildings more responsibly to more fully withstand the effects of long-term climate change. While cost/feasibility challenges were noted as significant, respondents believe these challenges can be overcome with the proper public sector incentives and a more-efficient and clear regulatory\zoning framework to make resilient development the standard across the region.”
The study was developed through a survey of the University’s Advisory Board members, with participation from the Urban Land Institute’s (ULI) South Florida \Caribbean membership comprising more than 250 leading regional real estate professionals representing developers, owners, investors, advisors, architects, engineers and brokerage professionals throughout South Florida.
The survey was coordinated with the UM Graduate students and supplemented by an outside research team, which in addition to Advisory Board member, Chairman and CEO Anthony M. Graziano, MAI, CRE of Integra Realty Resources, included Dr. Charles Bohl, Director, Master in Real Estate Development + Urbanism (MRED+U) Program; Mark Troen, FRICS, MRED+U Lecturer and Senior Vice President at Brookwood Group Inc; Anthony Williams, Special Projects Director, Bendixen & Amandi International. The graduate student team from the University’s Master of Real Estate Development & Urbanism program included Ryan Coffield, Caroline Cozzi, Chandler Davis, Nicholas Font, Troy Gulec, Samuel Herrera, Nicholas Nicola and Joseph Roque.
Graziano concludes, “As a University of Miami alumnus, I was honored to once again be involved in this market research project and furthermore, to help play a role and help fund a platform for the next generation of real estate leaders. Our graduate student team this year was extremely engaged, and they analyzed and delivered an outstanding research project for which UM should be extremely proud.”
The Real Estate Research Initiative was sponsored by the three real estate programs at the University in the Architecture, Business, and Law Schools, with publication, graphics, and outside advisory services underwritten by Integra Realty Resources (IRR).
