Now is the Time to Invest In South Florida Real Estate!

If you’re planning to buy a home or Condo, do it now, because prices are going up for the next few years. Investments in single-family rental properties and Condominium units have good potential in Dade County and Broward County. Apartment developments have the best potential in Miami-Dade. The Best bets for investments are in retail or restaurants, and commercial Office space, which also needs medical office space.

Home prices have been strong in the last three years, I expect they’ll keep rising approximately 7 percent a year. There are strong reasons to believe that from here on we are looking at prices going higher. If you’re looking to buy for the long-term, do it now. If you’re looking for a short-term investment, be very careful, choose your Investments wisely. Despite signs of a slowdown, a new report shows Miami is one of the country’s biggest boomtowns in terms of household growth, and population growth.

A new report by the Miami Downtown Development Authority confirms what the restaurant openings, cranes and traffic snarls already tell us: Young professionals are still moving to downtown Miami in droves, and new businesses are following them. According to the Miami DDA’s Demographics Report, downtown Miami’s full-time population has soared to nearly 90,000 residents. That’s up 32 percent since 2010 and 150 percent since 2000. Young professionals between the ages of 20 and 44 make up about half of this population, helping to fill the more than 20 new residential towers that have been built since the last real estate boom. As the Miami Downtown Population continues to increase, they estimate the current population at 88,540 and project it will surpass 100,000 in 2021.  New mega-projects like Brickell City Centre, Miami Worldcenter and All Aboard Florida’s MiamiCentral station are all expected to pull in jobs with their office and retail spaces. The time to make a prudent Investment in Miami is Now.

The Best bets for investments are in Commercial Real Estate. Retail, restaurants, and commercial Office space, which also include medical office spaces in South Florida. Office and industrial rents in Miami will continue to climb in 2017, according to reports. In Brickell, office space is hitting around $60 a square foot for Class A space; back in 2008 the high was in the upper $40s. Downtown Miami and Aventura have hit all-time highs. The urbanization of Miami, has transformed the retail landscape. The time to make a prudent Investment in Miami is Now.

Lazaro Lopez, PA
(786) 525-9430.
http://www.miamipropertyconsultant.com
http://www.aventurapropertiesgroup.com