It’s Go-Time if you’re in the market to build out a new commercial space in South Florida. Companies large and small have their eyes set on the sunny skies and ripe tax benefits that come with being located in the Sunshine State.
Despite (or, perhaps, in spite of) the global pandemic, growth and investment in the greater Miami area is very real and has even accelerated in the past several months. Florida is open for business, and the world is taking note.
Here on the ground at Seacoast Construction, we’re seeing some commercial properties go for upwards of $400 per square foot. Previously those same properties would have been around $200 per square foot, on average.
Demand for commercial space will continue to rise in Miami for several reasons, including:
- It is a hub for South America
- There is an ever-increasing number of New York transplants coming to the city (this also includes businesses choosing to relocate their headquarter facilities here)
- Locals also want to invest and build in their own communities
- People around the world are moving their money around and out of their countries – and choosing to invest in SoFla real estate
As a property investor or real estate owner, now is the time to capitalize on increasing opportunities for commercial space here in Florida. As you consider a renovation to an existing space or building out a gray shell or a white box to lease, come talk to us at Seacoast Construction. We’ve been working in the local market for more than 20 years and know what it takes to successfully complete your commercial project on time and on budget. Get in touch to schedule a consultation.
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