Investors Still Keen on South Florida
Interest rates could go up this month, but when it comes to South Florida, real estate investors won't be fazed: the market's too strong. That's why we're excited to present Bisnow's 3rd annual South Florida State of the Market beginning at 7:30am on Sept. 22 at Soho Studios.
"I expect investor interest to remain strong even if interest rates rise a bit, mainly because there’s still scarcity and competition to acquire high-quality real estate,” Franklin Street regional managing partner for South Florida Greg Matus, who will be speaking at the event, tells us. “I also anticipate that rents will continue to rise, at least for the short term, which will keep values up.”
Recently Franklin Street repped the Tampa-based seller of a 26k SF building at 139 Shore Court, near US 1 and Northlake Boulevard in North Palm Beach, which will house a Nautica Ventures marine store. The Northlake marina property includes 66 dry boat racks and 10 wet slips. It will be the first Palm Beach County location for Diana Beach-based Nautical Ventures, with the store expected to open this year. Hear more about the market at Bisnow's 3rd annual South Florida State of the Market beginning at 7:30am on Sept. 22 at Soho Studios. Sign up here.