Grab Office and Retail Space Now

by Isaac Benmergui, Esq on January 17, 2012

The national average for available square footage for retail and office space have dropped the last five quarters. And landlords, looking to take advantage of the interest have raised rents by 0.8 percent per year. As the interest in residential real estate climbs in Miami, and new retail space won’t be available for two years or more as hotels are built, now would be a good time to take advantage of the lower prices in Miami’s rental space.

Although investors are grabbing up residential investment properties in Miami, many office buildings have available space languishing on the market. Monthly rents are down, but as the area catches up to the rest of the country, and it’s not a matter of ‘if,’ but ‘when,’ the time to secure space is now.

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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