{"id":1004211696,"date":"2010-08-06T00:00:00","date_gmt":"2010-08-06T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/quantifying-the-lebron-effect-in-miami\/1004211696.html"},"modified":"2022-12-08T20:33:14","modified_gmt":"2022-12-09T04:33:14","slug":"quantifying-the-lebron-effect-in-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/","title":{"rendered":"Quantifying the LeBron Effect in Miami"},"content":{"rendered":"

\"\"<\/a>Amid all the hoopla surrounding the news that LeBron James would be joining the Miami Heat next season, I overheard one sports analyst comment that \u201cKing James\u2019\u201d arrival in the Magic city would make Heat games \u2013 and by extension, the community \u2013 \u201cmore corporate.\u201d The rationale behind this idea is that major corporations will now clamor for high-priced basketball tickets, squeezing out mainstream fans in the process. He had apparently seen similar dynamics unfold during Michael Jordan\u2019s years in Chicago and then Washington, D.C.<\/p>\n

Despite its strong position as an international hub for finance and commerce, the core of Miami\u2019s business base has long been perceived as largely entrepreneurial. While I\u2019d be surprised to see LeBron\u2019s arrival singlehandedly draw new corporate blood to South Florida, I am a big believer that Miami\u2019s heightened prominence on the world stage surrounding this announcement and over the next several years will have a positive impact on our regional economy and, more specifically, Downtown Miami, home to American Airlines Arena.<\/p>\n

We have already seen an unprecedented level of activity in downtown Miami\u2019s residential market over the past 12-18 months, with nearly three out of four of the condo units built since 2003 now filled, according to a recent study by the Miami Downtown Development Authority. Not surprisingly, this population growth is providing a boost for downtown\u2019s retail sector, which now sports one of the nation\u2019s lowest vacancy rates as business owners flock to the area to serve and employ residents.<\/p>\n

I can only imagine what 41 sold-out Heat games (plus the playoffs!) will do to further accelerate the area\u2019s emergence as a 24\/7 city, but it remains to be seen whether the LeBron effect will make Miami more corporate.<\/p>\n

Now on to more important business: educating Miami\u2019s newest superstar that the Heat\u2019s home court is not located on South Beach, but rather in the heart of South Florida\u2019s newest destination: Downtown Miami.<\/p>\n

Danet Linares is Executive Vice President of Blanca Commercial Real Estate.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Amid all the hoopla surrounding the news that LeBron James would be joining the Miami Heat next season, I overheard one sports analyst comment that \u201cKing James\u2019\u201d arrival in the Magic city would make Heat games \u2013 and by extension, the community \u2013 \u201cmore corporate.\u201d The rationale behind this idea is that major corporations will…<\/p>\n","protected":false},"author":443,"featured_media":1004506724,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nQuantifying the LeBron Effect in Miami - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quantifying the LeBron Effect in Miami\" \/>\n<meta property=\"og:description\" content=\"Amid all the hoopla surrounding the news that LeBron James would be joining the Miami Heat next season, I overheard one sports analyst comment that \u201cKing James\u2019\u201d arrival in the Magic city would make Heat games \u2013 and by extension, the community \u2013 \u201cmore corporate.\u201d The rationale behind this idea is that major corporations will…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-08-06T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"155\" \/>\n\t<meta property=\"og:image:height\" content=\"180\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/\"},\"author\":{\"name\":\"Jessica Fiur\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0bf67d338f2b97c9e1194fabf816e9c3\"},\"headline\":\"Quantifying the LeBron Effect in Miami\",\"datePublished\":\"2010-08-06T08:00:00+00:00\",\"dateModified\":\"2022-12-09T04:33:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/\"},\"wordCount\":344,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Danet-Linares1.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/\",\"name\":\"Quantifying the LeBron Effect in Miami - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Danet-Linares1.jpg\",\"datePublished\":\"2010-08-06T08:00:00+00:00\",\"dateModified\":\"2022-12-09T04:33:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0bf67d338f2b97c9e1194fabf816e9c3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Danet-Linares1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Danet-Linares1.jpg\",\"width\":155,\"height\":180},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/quantifying-the-lebron-effect-in-miami\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Quantifying the LeBron Effect in Miami\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0bf67d338f2b97c9e1194fabf816e9c3\",\"name\":\"Jessica Fiur\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/06\\\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/06\\\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/06\\\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96\",\"caption\":\"Jessica Fiur\"},\"description\":\"Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want. Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https:\\\/\\\/www.linkedin.com\\\/in\\\/jessicafiur\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/jessica-fiur\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Quantifying the LeBron Effect in Miami - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/","og_locale":"en_US","og_type":"article","og_title":"Quantifying the LeBron Effect in Miami","og_description":"Amid all the hoopla surrounding the news that LeBron James would be joining the Miami Heat next season, I overheard one sports analyst comment that \u201cKing James\u2019\u201d arrival in the Magic city would make Heat games \u2013 and by extension, the community \u2013 \u201cmore corporate.\u201d The rationale behind this idea is that major corporations will…","og_url":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2010-08-06T08:00:00+00:00","article_modified_time":"2022-12-09T04:33:14+00:00","og_image":[{"width":155,"height":180,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","type":"image\/jpeg"}],"author":"Jessica Fiur","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/"},"author":{"name":"Jessica Fiur","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3"},"headline":"Quantifying the LeBron Effect in Miami","datePublished":"2010-08-06T08:00:00+00:00","dateModified":"2022-12-09T04:33:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/"},"wordCount":344,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/","url":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/","name":"Quantifying the LeBron Effect in Miami - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","datePublished":"2010-08-06T08:00:00+00:00","dateModified":"2022-12-09T04:33:14+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","width":155,"height":180},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/quantifying-the-lebron-effect-in-miami\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Quantifying the LeBron Effect in Miami"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0bf67d338f2b97c9e1194fabf816e9c3","name":"Jessica Fiur","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Jessica-Fiur-Headshot-for-online-1.jpg?w=96","caption":"Jessica Fiur"},"description":"Jessica Fiur is the editor-in-chief at Multi-Housing News and Commercial Property Executive and writes the award-winning blog What Renters Want. Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https:\/\/www.linkedin.com\/in\/jessicafiur\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jessica-fiur\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Danet-Linares1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/443"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004211696"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211696\/revisions"}],"predecessor-version":[{"id":1004212950,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211696\/revisions\/1004212950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506724"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004211696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004211696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004211696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}