January 19, 2022
MIAMI – Transwestern Real Estate Services (TRS) announces its South Florida Industrial team of Walter Byrd, Ben Eisenberg, Thomas Kresse, John Vaught and Carlos Gaviria completed 125 sale and lease transactions totaling 11.3 million square feet and $273 million in value in 2021.
“2021 was an incredibly active year for our team. We were fortunate to transact many industrial deals across distribution, warehousing, international and domestic trade, and manufacturing for our clients in South Florida and throughout the nation,” said Eisenberg, Executive Managing Director at Transwestern.
According to market research by Transwestern, Miami posted 5.7 million square feet of absorption in 2021, representing more than the region has absorbed in any year on record. The market has consistently reported strong occupancy growth, with more than 1 million square feet of net new absorption in each of the past five quarters.
Miami reported $1.6 billion in industrial sales in 2021, the highest level since 2018. The average sale price per square foot also rose in 2021, from Q4 2020’s average of $126 per square foot to $180 per square foot at year-end 2021; pricing has been consistently near or above the $100 per square foot threshold since 2016.
Transwestern’s South Florida Industrial team provides creative solutions that maximize real estate value through a sophisticated and proven methodology that helps meet and exceed financial objectives. With more than 30 years of experience, the team uses deep market knowledge and industry expertise to uncover hidden opportunities and capitalize on shifting market dynamics.
About Transwestern Real Estate Service
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.