Mansion Global Daily: Luxury Sales Bounce Back in Florida, Vacation Markets See Increased Demand, and More

Luxury Sales in South Florida Rebounded Sharply, Driving Prices Higher

The median luxury house in Miami sold for $1.94 million, up more than 30% over last year. Read More

BY THE NUMBERS


TRENDING TODAY


LISTING OF THE DAY


A New England-Style Home, Built in 1840, in the U.K.’s Kent

The property, set on three acres, features several outbuildings. Read More

TAX TALK


Which U.S. States Charge Property Taxes for Cars?

Connecticut, Virginia, Mississippi and Rhode Island are among the states that levy taxes on vehicles. Read More

NEWS BITES

Penthouse at Hong Kong’s St George’s Mansions Sells for HK$238 Million

A 3,330-square-foot penthouse with a 2,933-square-foot balcony at the St George’s Mansions project in Kowloon, Hong Kong, has sold for more than HK$238 million (US$31 million). The home was the second-most-expensive deal in the past three months in Hong Kong. The St George’s Mansions project has three 20-story buildings surrounded

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How medical offices will bounce back quick in commercial real estate

The coronavirus pandemic has turned offices across the world dark, giving a clear blow to the commercial real estate sector. The medical office space, despite the sad uptick in serious illness in 2020, has been a surprising struggler, too.

Per a report by commercial brokerage Marcus and Millichap, due to restrictions on things like elective surgeries and non-emergency office visits, healthcare providers in the medical space have seen a dip in revenue streams.

However, Marcus and Millichap sees this as a short-term issue and believe the medical industry will be one of the quickest to bounce back from the pandemic, due to inevitable consumer demand.  

“Medical services are returning as states move through reopening phases, and pent-up demand from postponed procedures and office visits provide a positive outlook,” the report reads.

Modifications to the sector will stay

Virtual care has skyrocketed since the onset of the pandemic, and it’s expected

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