South Florida is a destination that has been rapidly growing in terms of businesses looking to relocate their headquarters. Not only are there financial incentives to being located in Florida, the climate and culture are also worth pursuing, if we do say so ourselves.
However, before you invest in property or build new, there are some important things to know when it comes to the commercial construction scene here in SoFla.
What to Know When Relocating Your Headquarters to Florida
The growth in demand has corresponded with a shortage of supply both in terms of labor and materials. Therefore, there has been an increase for both costs and timelines on countless projects.
Here 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.
In addition to rising costs, another factor that has been identified is lengthened timelines. When considering an office relocation to Florida, the unique construction challenges posed by projects in this geography need to be kept in mind.
Those from out-of-state are often surprised to learn just how different building codes in South Florida are relative to elsewhere in the United States. Much of this has to do with our structures needing to withstand the intense climate of the region as well as comply with local and state safety regulations. An understanding of our specific building codes ahead of time can help run your project in a more efficient manner.
If you are planning to relocate your headquarters to Florida, it’s imperative that you work with a local contractor who knows the area and is experienced in navigating the unique building requirements of the area.
Right now, we are seeing a rapid acceleration of commercial construction projects in South Florida. From office to warehouse, residential to retail, and everything in between, it’s Go-Time if you want to build in this market.
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