Have you heard news of Florida East Coast Industries planning a project to develop a Miami-to-Orlando passenger train service? The $1 billion dollar project would use the right of way that runs through the downtown areas of the South Florida coastal cities creating a three-hour commute. While the service rail will benefit those who commute between Miami and Orlando on a regular basis, it will also benefit the business community in particular. Once it’s up and operating the passenger rail will…
- Create jobs and grow Florida’s economy: Nearly 6,000 direct jobs will be needed to construct the system, and more than 1,000 additional jobs to operate and maintain it.
- Drive new investments along the route
- Stabilize the office sector
- Allow businesses in Miami and Orlando to interact more efficiently
What are your thoughts on the service rail? Let us know what you think and if you are interested in investing in office or industrial property in close proximity of the rail call Morris Southeast Group at 866-930-1426.
Source: South Florida Business Journal
Tags: Miami office property, South Florida commercial real estate, South Florida commercial real estate services, South Florida job market, South Florida office property
