As the economy continues to stabilize, there has been continued growth in many real estate markets. It is anticipated that the South Florida commercial real estate market will continue to show increased improvement over the next several quarters.
The office vacancy rate has fallen across the area. Firms have begun to lease more space as they expand or relocate their businesses, and the vacancy rate is expected to continue to fall. The reduced vacancy rates combined with the continued slowdown in development in the area results in the expectation that rent for office space will only continue to increase.
If your business is in the market for office space or if you are a real estate investor, the timeB to actB is now, before the expected increase in prices. Morris Southeast Group can help you find the office space or property that will best suit your needs. Our agents are experts in the South Florida commercial real estate market and are ready to assist you.
Tags: commercial real estate, commercial real estate in south florida, Commercial Real Estate Trends, Miami office property
