The outlook for Florida real estate has become more optimistic in multiple markets, including b office occupancy, retail occupancy, land investment and capital availability,b according to the University of Floridab s Survey of Emerging Market Conditions for the fourth quarter.
Whatb s behind this positivity? Many points, including fewer political unknowns—the results of mid-term elections now decided, Amendment 4 not passing and a new governor trying to attract more businesses to the area. Respondents across the state showed optimism in both occupancy and rent for every property type, and the survey showed the most positive outlook since 2006.
Given Floridab s 12 percent unemployment rate and other budget worries, the respondents were still hesitant with their optimism, but the overall outlook is encouraging. The survey had 271 respondents in 13 of Floridab s urban areas.
For commercial real estate services in South Florida, contact Morris Southeast Group/CORFAC International. We offer owner representation, tenant representation, help with investment sales and corporate services for companies with multiple locations.
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Tags: capital availability, commercial real estate services, CORFAC International, land investment, Morris Southeast Group, office occupancy, real estate, South Florida
