While South Florida was hit particularly hard by the b Great Recession,b B it is firmly on the rebound. In fact, the evidence for a recovering real estate market in South Florida is becoming ever clearer.
In particular, it is no longer completely a renterb s market. While the last few years had seen some remarkable deals on office leases, pent-up demand is finally moving rates in a more landlord-friendly way.
Still, there are significant deals to be had on office space. In particular,B leases can be negotiated that include free rent, build-out costs and other concessions for the renter and the right rent, escalations and rental term for the landlord.
Though rental rates are rising somewhat, they are nowhere near their peak. In addition to older spaces coming back on the market, there are also several new, upscale projects coming online that are helping to moderate the per square foot increases.
For more information on the South Florida commercial real estate market, or if you are looking for new office space,B please contact us online at MorrisSEGroup.com. You can also call 866-930-1426 to speak with us directly.
Tags: commercial real estate, commercial real estate in south florida, Commercial Real Estate Trends, Miami office property, South Florida commercial real estate, South Florida commercial real estate services
