The South Florida Commercial real estate market continues to be in a state of flux. Caught between the lack of demand for business expansion and great deals on commercial properties, investors and business owners can't seem to decide which path to take. Some segments seem to be fairing well such as large grocery chain anchored shopping centers and large multi-family rental projects. Cash being King.
The Industrial markets seem to be the hardest hit, with vacancy rates high and the demand for small spaces and smaller buildings not having returned due to lack of construction industry demand. With signs of larger Condo projects starting to get a buzz, it may return sooner than some may be anticipating.