South Florida’s real estate sector is experiencing a robust period, marked by significant transactions across commercial, residential, and retail properties. Investors are showing strong confidence, with substantial capital flowing into the region, driving notable sales and acquisitions. This activity underscores the area’s continued appeal as a prime market for real estate investment.
Key Takeaways
- Significant commercial office buildings, high-value waterfront residences, and large retail portfolios have changed hands.
- Investor demand remains strong, particularly for well-located, income-producing assets.
- The region continues to attract both institutional and private equity investment.
Commercial Property Transactions
In Doral, two office buildings located at 8200 and 8400 Northwest 33rd Street were sold for $63.3 million. The transaction, involving a combined 261,600 square feet, was valued at approximately $242 per square foot. The buyer was an LLC associated with Miami-based Cofe Properties, while the seller was an LLC linked to Denver-based Ascentris.
Further north, in Tampa’s Westshore submarket, Harborview Plaza, a 206,329-square-foot Class-A office complex, was acquired by Miami-based Banyan Street Capital for $39.5 million. Banyan plans significant capital improvements for the property, which overlooks Old Tampa Bay.
Additionally, the Interstate Commerce Center, a 211,547-square-foot industrial facility in Fort Pierce, was sold to Invesco Real Estate. This fully leased Class A warehouse complex benefits from excellent highway connectivity, situated near Florida’s Turnpike and Interstate 95.
Residential Market Activity
The luxury residential market also saw notable activity. A waterfront mansion at 12 Tahiti Beach Island Road in Coral Gables, spanning 10,400 square feet, was sold for $32 million. The property, built in the 1990s, was previously listed at $40 million.
Another high-end sale occurred in Miami Beach, where a 5,300-square-foot waterfront home at 84 La Gorce Circle fetched $31.5 million, translating to approximately $5,900 per square foot.
Retail Portfolio Sales
A substantial open-air retail portfolio comprising 10 properties across Florida and South Carolina was sold for $395.5 million. The portfolio, totaling approximately 1.04 million square feet, was acquired by 11North Partners and Bain Capital from PGIM Real Estate. These centers boast high occupancy rates and are situated in affluent trade areas with strong demographic profiles, many anchored by major grocers like Publix.
Investment Trends
Real estate investment trusts (REITs) have demonstrated resilience, outperforming broader stock market indices in the first quarter of 2026. This trend highlights a preference for real estate assets, particularly those in high-demand sectors like data centers and healthcare, amidst economic uncertainties. The consistent flow of capital into diverse real estate segments signals a healthy and dynamic market in South Florida.
Sources
- South Florida Top Real Estate Deals: Tuesday, March 31, 2026, The Real Deal.
- Harborview Plaza in Westshore sells to Miami investor for $39.5M, Tampa Bay Business & Wealth.
- 10-Property open-air retail portfolio trades hands for $395.5M in Florida and South Carolina, JLL.
- Bain Capital and 11North Partners Acquire Portfolio of 10 Open-Air Retail Centers Across Florida and South
Carolina, Bain Capital. - JLL closes sale of fully leased Fort Pierce industrial property, JLL.