Investors Suddenly Bullish on South Florida Office Real Estate

by Isaac Benmergui, Esq on July 20, 2012

Investor confidence is up in the South Florida office real estate market. With employment rebounding and more than 30 new developments planned for the downtown Miami market alone, investors are looking for opportunities.

Although the national vacancy rate remains high, South Florida’s available office space is dwindling, mirroring a dwindling supply of residential real estate as well. With the lower inventory, rents are on the rise and the forecast is for further increases until more buildings are completed in response to the demand.

As companies open Miami offices and retailers expand their chains to meet new planned luxury complexes, the South Florida commercial market will continue to heat up in the coming months.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

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