Brazilians Shop for Luxury Items, Luxury Real Estate in South Florida

by Isaac Benmergui, Esq on January 26, 2012

As an influx of Brazilian shoppers drives the luxury retail market, luxury commercial and residential real estate is currently viewed as a South Florida tenants’ paradise.

Commercial Markets Offer Good Deals

Palm Beach, long held as a target market for the wealthy, with prices not yet responding to demand (still down slightly from 2010) offer retail tenants their pick of choice space as soon as it’s vacated. Many landlords aren’t covering their expenses, but tenants aren’t shopping around for space or negotiating better deals, figuring the deal is probably as good as it will get in the foreseeable future. In South Florida, an experienced real estate attorney knows a more advantageous deal is always possible.

Cash Driven Residential Markets

The residential market continues to see a high percentage of cash deals for properties bought by foreign investors wanting to take advantage of luxury shopping and luxury living. The Palm Beach County Convention and Visitors Bureau has already hired tour operators and an international sale director, and is seeking a sales rep in Brazil to drive tourism and business dollars toward the county.

Before you sign on the dotted line, make certain your real estate purchase or lease agreement is the best possible deal for your needs. Call the law offices of Isaac Benmergui at 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

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