For many years now, South Florida real estate has been very attractive to foreign buyers and especially to those from South America. The region’s reputation globally has matured for both residential and commercial properties. European and Canadian investors now account for a larger share of foreign investment according to a report by the National Association… read more.
In the 2018 edition of Price Waterhouse Coopers (PwC) “Emerging Trends in Real Estate” Fort Lauderdale is ranked as one of the most desirable markets for real estate investment. Fort Lauderdale moved up from Number 35 in 2017 to Number 6 in 2018. Out of the 78 markets analyzed in the study, Fort Lauderdale accounted… read more.
Major investment and development is taking place in and around southeast Fort Lauderdale. Plans for the expansion of the Broward County Convention Center are proceeding forward and the project will include an additional 400,000 square feet of meeting space, an 800 room upscale hotel and a waterfront public plaza with multiple restaurants. The estimated cost… read more.
Fort Lauderdale is booming with both commercial and residential development and is further evolving into an increasingly popular year round destination. The addition of new condominiums, rental buildings, offices, hotels and stores will continue to add more traffic onto existing roadways that are not well equipped to handle the increasing volume. Plans and ideas have… read more.
One of the most prominent areas on the beach, the blocks around the intersection of Las Olas Boulevard and A1A, is now for sale for redevelopment. The current owners spent the last thirty years assembling multiple properties and now have 4.46 acres with 500 feet of beach frontage. They are still in the process of… read more.
Fort Lauderdale is no longer a vacation destination for tourists and snowbirds; it has become a highly desirable metropolitan destination for businesses and full-time residents. At a recent symposium sponsored by the Urban Land Institute and Fort Lauderdale Downtown Development Authority, George L. Hanbury II, President and CEO of Nova Southeastern University and a former… read more.
“Location, location, location” has always been the mantra when buying real estate. Today, in addition to location, buyers of luxury properties are looking for amenities consistent with their lifestyle and often found in five star hotels. Developers are accommodating these buyers by creating opulent, service oriented, and technology enhanced residences. In addition to offering a… read more.
The South Florida housing market is still strong; however, prices and the number of units closed is rising at a slower pace than in prior years. According to HouseCanary, a real estate data gathering and analytics firm, previously active markets are stabilizing and appreciation is projected to slow in 41 of the top 100 metropolitan… read more.
In the not so distant future, homes and retail centers will be undergoing significant changes. The pervasive influence of the internet will affect how people use their homes and how retailers will adapt to e-commerce. At the University of Miami’s Real Estate Impact Conference on February 9th, top executives from Starwood Capital Group, Whole Foods… read more.
While none of us have a crystal ball, the South Florida real estate market is projected to remain strong into 2018. Broward County, especially Fort Lauderdale, has been ranked as one of the top real estate markets in the country and this goes a long way in attracting both domestic and international buyers. The single… read more.