Although things seemed to head downhill more and more after the commercial real estate boom ended five years, they are finally beginning to look up. Experts on the panel at the Florida CCIM Chapter Southwest Districtb s 12th annual Real Estate Outlook Conference stated that the glut of inventory of commercial real estate buildings that were left behind are finally being absorbed.
One of the reasons the surplus of buildings is being absorbed is because there isn’t a great deal of new construction. Take the office sector for example, in 2011 there was only 74,000 square feet of office space constructed and it was all built according to the buyers’ requests. And although there are buildings available in various sectors the best lie in dock-high industrial spaces which have an elevated loading dock door.
If you are interested in investing in the South Florida commercial real estate market contact Morris Southeast Group at 866-930-1426.
Source: News-Press
Tags: commercial real estate, South Florida commercial real estate, South Florida commercial real estate services, South Florida office property
