Why South Florida Commercial Real Estate is Hot for 2020
Commercial Real Estate In South Florida
2020 is fast approaching, and with it comes new opportunities. Purchasing commercial real estate can be a daunting task, but it can be one of the best decisions you make. Why not take the leap in 2020? Particularly in South Florida, the commercial real estate business is just getting better and better. Here’s why.
Venturing into the world of commercial real estate can be a risky business, so it’s best to start in a state that’s financially stable. Luckily, Florida is consistently one of the top states as far as fiscal stability. Thanks to job growth, venture capital funds, and a high liquidity score, you can rest assured that the Sunshine State is one of the best places to start your business.
When you’re getting started commercially, you obviously need workers, and Florida has a grand supply. The state has the third-largest workforce in the country with more than 9.7 million civilian workers. That’s almost the entire population of Sweden! Additionally, there are more than 5 million foreign-language speakers in Florida, opening you up to a whole new market. The competitive workforce makes Florida a national and global powerhouse.
Foreign Direct Investment, or FDI, is a big deal when you’re looking into buying commercial property. The US is #1 in the world in this sector, and Florida ranks in the top 10 states receiving FDI. Foreigners purchase more commercial property in Florida than anywhere else in the US. Consider hiring a South Florida commercial real estate lawyer to give you a competitive edge and ensure you’re getting your money’s worth.
Not only is Florida a great place to be right now, but it will continue to be lucrative well into the future. Population growth is not expected to slow down anytime soon, and the tourism market just keeps booming, bringing you more customers. South Florida, in particular, is showing increasingly high numbers year after year, and experts have to reason to believe a slowdown is coming anytime soon.
If you’re looking to dive into the world of commercial real estate, contact Mark Schecter. He has solidified himself as one of the top South Florida commercial real estate attorneys and can help you every step of the way in your buying journey.