Get to Know the Broker: Michael Martirena of Compass
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 15th Miami story tracked on the wire in November 2026. All Miami coverage →
Computed from Real Estate Trail’s own tracked coverage
Luxury real estate adviser Michael Martirena from Compass is known for his consistency and performance among the ultra-high-net-worth clients he works with in Florida’s Miami-Dade, Broward and Palm Beach counties. Tog…
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