(l to r) Karla Damas, Partner at Cherry Bekaert; Danet Linares, Executive Vice Chairman of Blanca Commercial Real Estate; Maricarmen Cabrera, Senior Brokerage Services Associate at The Allen Morris Company; Holly Cohen, CREW Miami President and Founder of Holly Cohen Retail Advisory Services; and Diana Sanchez, Transactions Manager at Accesso Partners.
Commercial Real Estate Women Miami (CREW Miami) hosted its April Lunch & Learn Program, “Navigating the Future of Office Real Estate: Challenges, Opportunities, and Creative Strategies for 2024” on Wednesday, April 17, 2024. The event attracted over 75 people and took place at the Mayfair House Hotel & Garden in Coconut Grove.
The panelists were Danet Linares, Executive Vice Chairman of Blanca Commercial Real Estate; Maricarmen Cabrera, Senior Brokerage Services Associate at The Allen Morris Company; Diana Sanchez, Transactions Manager at Accesso Partners; and Karla Damas, Partner at Cherry Bekaert, who also served as the moderator.
Danet Linares commented on the demand for office occupancy rates, stating, “We are seeing a very strong demand for office space. We still have a lot of people moving here, and we are witnessing record numbers. Brickell has experienced a 40% increase in rental rates, while Miami has seen a 20% increase.”
Maricarmen Cabrera discussed the importance of amenities in attracting tenants to larger spaces, saying, “We are focusing on providing amenities not only within the office but also in the surrounding areas. Employees value amenities like fitness centers and dining options. The ‘Live Work Play’ concept is gaining traction among employers, and commute convenience is also a significant factor.”
Diana Sanchez shared her perspective on the market correction, noting, “While there is lower occupancy, the market is adjusting. Tenants are seeking smaller spaces with more amenities. We anticipate seeing the full impact of these changes within the next two years, although there has been increased activity over the past 12 months.”
A Look Ahead
Florida Condo Regulations: Recent Changes in Building Codes and Reserves Requirements
Wednesday, June 19, 2024, from 11:30 am to 1:30 pm
Explore the latest updates in Florida’s condo regulations, including significant changes to building codes and reserve requirements. Stay informed about the new guidelines affecting condo owners, developers, and property managers. Learn how these changes aim to enhance safety, sustainability, and financial stability within Florida’s dynamic condominium market.
Registration and Info link.
About CREW Miami
CREW Miami is dedicated to advancing women in the commercial real estate industry (CRE). We are committed to bringing more women into commercial real estate by offering programs like CREW Careers and UCREW that educates young women about the career opportunities in the industry; supporting CRE higher education and training through college scholarships and internships; and providing mentoring to those new or looking for change within the industry. Additionally, CREW Miami hosts monthly forums for professionals actively involved in the commercial real estate industry. These events encourage professional interaction and networking while providing a support network for commercial real estate professionals. CREW Miami is part of a global organization of 14,000+ members & 80+ chapters & affiliates providing our members global access to professionals in our industry.
For more information, visit CREWMiami.org and follow @CREWMiami.
