4 Reasons Why South Florida Commercial Real Estate Remains Hot in 2021

South Florida Commercial Real Estate Remains Warm

According to a recent article in Forbes South, Florida Commercial Real Estate is an investor’s dream come true. It was reported that well over 30,000 New Yorkers had hung up their NY tenancies for Florida. In addition, Californians, en masse (80,000+) said goodbye to the bay area, a good portion of them moving into Floria. Does the lax environment provide more freedom for those looking to get back to normal? getting children back into school and what’s better than year-round warm temps?

2021 Best Summer Yet?

Throughout 2021 we can expect the South Florida commercial real estate market to remain warm to hot due to a number of factors including increases in job growth, tax-friendly laws, tourism, major corporations opening new offices and many other factors.

Are you considering taking part in this vibrant market? Talk to an expert commercial real estate lawyer in South Florida at Schecter Law to get unique insights into the best opportunities in the market or assistance with many aspects of your deal including negotiation, legal issues, zoning, closing, transactional issues and more.

Economic Stability 

Economic stability in South Florida is the result of a range of factors including steady population growth as well as returning tourism levels. The economic stability drives commercial real estate demand as new restaurants, offices, corporations and retailers compete for prime locations. The state is expected to see an additional 6 million residents over the next decade to bring the total to approximately 26 million by the year 2030. Population growth estimates remain bullish, which means that commercial real estate is not likely to see a major dip in demand overall, barring certain economic factors.

Business Incentives

The state also offers unique business incentives that keep demand for commercial real estate high. Florida is rated as the #2 state for business according to Chief Executive Magazine. 20% of U.S. export goods are located in Florida because of its favorable tax laws. It also remains a friendly tax state for retirement – the increase in relocators and retirees drives commercial areas such as retail. Entrepreneurs, investors and business owners will continue to flock to Florida because of all of the tax incentives, including no personal income tax, estate tax or inheritance tax. 

Foreign Investment in Real Estate

Over the past few years, foreign real estate investment has remained high in Florida, with the state open ranking #1 for foreign investment dollar amounts. There are a number of factors driving this investment including the climate, tourism, relatively low cost of living compared to global cities and economic stability. 


Get Help With Your Commercial Real Estate In South Florida

The retail market is one of the strongest in the country because of all of the domestic and foreign tourism and investment. Time will tell, but several sectors of the South Florida commercial real estate market look to be on the uptick. If you have any questions about what this means for your next commercial real estate move, talk to a leading South Florida commercial real estate lawyer. Call Mark Schecter at Schecter Law today at (954)-779-7009.

Real estate analysts and insurance executives suggest Florida’s property-insurance market is in a difficult situation, as increasing carrier losses and higher monthly premiums endanger the state’s flourishing real-estate sector.

Long-term property owners are facing astronomical premium increases or warnings that their coverage will be discontinued. Out-of-state property purchasers who migrated to Florida during the coronavirus outbreak are shocked at the current cost of property ownership. 

Why the Cost Increases?


Several factors have influenced these price hikes. Back-to-back hurricanes Irma and Michael in 2017 and 2018 respectively wreaked havoc on the state, resulting in $30 billion worth of insurance claims. The expense of reinsurance, which is taken out by insurers to offset part of the inherent risk of the coverage they offer, is increasing. Excessive insurance claim lawsuits and a surge of suspected sham roofing claims are also at play.

What Florida Commercial Real Estate Buyers Should Know 


Buying real estate is likely to be the biggest financial investment you make in life. It’s essential that you collaborate with qualified professionals at each step of the purchasing process to secure your investment. Each person in your team, including your real estate lawyer, financial lender, property insurance carrier, and real estate agent, plays an important role in a successful commercial real estate transaction.

Retaining a knowledgeable, experienced commercial real estate lawyer from the start will help you avoid expensive errors later on. Before making a purchase, you may want to bring your real estate lawyer on board and meet with them prior to signing any documents.

Experienced Legal Help for South Florida Commercial Real Estate Transactions 

You’ll need an accomplished commercial real estate lawyer if you’re looking to invest in commercial property in South Florida. For all of your commercial real estate necessities, Schecter Real Estate Law is the legal advocate to call. You’ll need a lawyer who is able to confront well-funded insurance companies, commercial property owners, and unscrupulous real estate agents, whether you’re local or from out-of-state.

It’s critical to consider every detail involved in finding a commercial property that meets your company’s needs, making an offer, and closing the transaction. Don’t wait to reach out — call now Schecter Real Estate Law.

Currently, the property market in South Florida is so aggressive that real estate purchasers from the Northeast are offering cash transactions. Many people are already looking to unconventional methods of home acquisition, such as the use of cryptocurrency to make the purchase.

Currently on the South Florida real estate scene, there’s a new way to purchase property. It can be found on the South Florida MLS, which is a database of real estate listings. Sellers are now able to choose and advertise if they will consider cryptocurrency.  

Bitcoin and other cryptocurrencies are increasingly being used to purchase real estate, particularly since the beginning of the coronavirus pandemic. A slew of incredibly tech-savvy and finance titans have flocked to South Florida from places like New York and Silicon Valley and New York to make these cryptocurrency offers. 

Is Buying Commercial Property With Cryptocurrency a Smart Move? 


Cryptocurrency isn’t only a bold investing tool for the courageous; it’s already becoming a new way to pay for regular necessities. With a search engine that helps you to browse for terms “bitcoin” or “ethereum,” to determine if a seller accepts cryptocurrency, sites like Open Listings are working to make it easier to locate properties you can buy with Bitcoin, etc.

Since the concept of using cryptocurrency to buy property is still very new, novices to the currency may be apprehensive. Many of these concerns may stem from the lack of regulatory guidelines in the cryptocurrency space so far, as well as a lack of awareness of how cryptocurrency profits are taxed.

Some analysts caution that purchasing real estate with cryptocurrency may not be straightforward. If you locate a property owner who is willing and able to take your offer, finding insurance carriers and escrow firms who are familiar with crypto transactions can still be difficult. You may need to cash out your cryptocurrency and make a conventional transaction.

Contact a Seasoned South Florida Commercial Real Estate Lawyer Now 


Purchasing commercial property — with cryptocurrency or traditional funds — can be challenging, especially for busy businesses that are still conducting daily operations in the midst of looking for new real estate. You need an experienced legal advocate who can advise you on what purchase decisions are in your best interests. 

Don’t hesitate to contact Schecter Real Estate Law; we’re ready to assist your company with any commercial real estate concerns you may have. 

Why You Need A Commercial Real Estate Attorney

Purchasing commercial real estate is a major investment and while some deals may seem straightforward, in truth, they rarely are. Pursuing commercial deals is likely to become incredibly complex and demands attention to a variety of details that an experienced South Florida Commercial Real Estate Attorney will be very well attuned to. In fact, your attorney will actually be able to anticipate any issues that may arise or manifest as possible risks and address those with you.

What does a commercial real estate attorney really do?

A South Florida Commercial Real Estate Attorney’s ultimate purpose is to protect your rights. While there are many major elements involved in a commercial real estate deal, the prime position of your attorney in the deal is to strategically structure your transactions in your best interest. With that in mind, you have the assurance that within any contract or disputes related to the commercial purchase or sale in question, your rights and goals are preserved and protected and your interests, from a litigation perspective, are secured at the highest level to mitigate any risks involved for the smoothest transaction possible.

Why Hire a Commercial Real Estate Lawyer?

Any person, business, or entity that enters into a commercial real estate transaction in South Florida without an experienced Commercial Real Estate Attorney runs the risk of complications. At the end of the day, commercial real estate is a business and any party with whom you enter into a transaction will only ever have their benefit in mind.

Generally speaking, commercial real estate is an area of practice that is often fraught with high levels of litigation risks, this includes local and state laws, regulations, and elements often overlooked by residential real estate attorneys who are not equipped with the proper tools, skills or information on commercial real estate transactions.

Major Investment And Purchase Transactions In Commercial Real Estate Call For Experience

A residential home purchase is quite different than that of a high-asset or commercial real estate deal. With this understanding, it is best to be well-armed and well prepared before you enter into any contract. A Commercial Real Estate Attorney will assist in the following:

Know Your Rights

Both buyers and sellers have rights that they may be unaware of, an experienced commercial real estate attorney will help you understand and identify both your rights and your obligations. They will liaise with buyers, sellers, attorneys, land and titles, government bodies, insurance, and banks. As you go about your daily business and focus on those important elements involved in running your business, a commercial real estate attorney provides peace of mind.

Contact Mark Schecter Today For All Of Your South Florida Commercial Real Estate Legal Needs

Commercial Real Estate Is In High-Demand In South Florida

Every few weeks we update you on commercial real estate in South Florida and the regularity in which the market grows is anything but predictable.  Commercial Real Estate is sizzling, especially for the food industry and this may very well create a shortage for other commercial space needs. It seems that the appetite for growth continues to permeate.

Expansion, Growth & The Shortage Of Land

Many restaurant chains and fast food companies are finding that they are facing a difficult time locating and acquiring commercial space that allows for their types of business models (drive-thrus) throughout Southern Florida.  Because of the latter, they are increasingly competing within the commercial space industry in order to find alternative locations meant for more traditional commercial businesses and restaurants. This creates a shortage for those seeking commercial spaces.

Commercial Space Competition

With Florida’s growth virtually exploding and exceeding any possible model of speculation, there are entrepreneurs, corporations, and start-ups looking to put roots down throughout South Florida for their business. The competition is strong and the time is now.

If you were looking to launch your business or expand your business, you may be bidding against companies and corporations with wider pockets.  It is absolutely vital to put an offer in on a space the moment that you decide that you have found the precise location needed that checks all of your boxes to facilitate the launch or expansion of your business. Last year, space better equipped for a medical office may now be a part of a bidding war for a big chain’s unorthodox rethinking of a less traditional version of their usual drive-thru fast-food locale.

Experienced, Aggressive Commercial Real Estate Legal Help

If you are ready to expand your portfolio with commercial properties in South Florida, you need an experienced South Florida Commercial Real Estate Attorney. Mark Schecter is your vital source for all of your commercial real estate needs. Whether you are local or out-of-state, you will need an attorney who can go head-to-head with high-powered backed firms, owners, and agents.  South Florida Commercial Real Estate can be a complex market to navigate and it is important that you understand every aspect and element involved in locating a commercial property to fit your needs, engaging in an offer, and preparing to close. Call Mark Schecter today for immediate assistance.



Commercial Investors In South Florida

While the luxury real estate market is doing extraordinarily well, don’t count South Florida Commercial Real Estate Investors out. From commercial buildings to multi-family units, Commercial Real Investors are doing exceptionally well considering the state of sister markets nationwide.

Commercial Properties

The only way to go is up for commercial investors.  From the recent news that big tech is swarming to South Florida to top names in entertainment relocating to the sunshine state, there is more yet to come.  In a large acquisition, developers have retained 6+ million dollars along with plans for a 292 unit designated for multi-families on over 30 acres in Thonotosassa, a high-profile Palm Beach bankruptcy sale of notable properties worth upwards of 21 million that includes a post office building, and news that a Sheetz family member unloaded 26 million of commercial properties in the exclusive enclave of Palm Beach,  commercial investors are shaking things up and growth appears to be on the horizon.

Boost In South Florida Continues

To recap on all of the reporting of major tech execs making big moves into South Florida and the looming question of jobs,  if this activity is any indicator of what the future holds, we might also ask, what if anything new do these execs and tech giants plan on building here? We’ll have to wait for future disclosures but with no peak in sight, now is a good time for real estate investors interested in the South Florida local to get acquainted with properties of interest and prepare their offers.  There is much competition in South Florida and while you may have found a commercial property to meet your needs, blink and you may find that that property has an offer or is pending.

Get Help From A Seasoned Commercial Real Estate Attorney

Speak to an experienced Commercial Real Estate Attorney in South Florida as early on in the process as possible so that you may have the proper counsel and guidance on how to move through the process effectively and efficiently. Get ahead of competing buyers, prepare solid contracts and preserve your rights; call or contact Mark Schecter for assistance today: tel:954-779-7009



Investing In South Florida Commercial Real Estate

If you are in the market for commercial real estate investments or are considering investing in South Florida, you are in good company.

The “Where” In South Florida Commercial Real Estate

Investors’ are primarily concerned with, you guessed it, location, location, location. With that said, the most unlikely locales may provide the biggest return, even amidst pandemic closures. While many establishments have closed their doors, now is the time to settle in comfortably as some locations may be positioned for post-pandemic growth.

In recent news, areas from Little Havana to Coconut Grove may be ripe for investment. There are various factors that investors look at in order to determine where to invest funds. One important element is rental revenue. Due to the latter, many investors have had to cut their losses based on lower returns on some of their assets. Regardless of whether you are dealing with a retail store or a restaurant, investors are now deciding on how and where they will lease, refinance, or sell. So where are they investing? Single-family homes and multi-family units among the top investment avenues with a special emphasis in South Florida areas with densely populated or metropolitan cities and towns in areas.

Value-Based Properties

Investors must weigh their options on how to properly adjust investments and how and where to conserve or financially commit. So what are some of the check-points that identify investable properties or opportunities in commercial real estate:

Best Commercial Investment Types

The downturn on some commercial real estate properties has centered around some specific property types. For example, those that are central to housing have done better.  The housing market has remained close to or exceeded retailers in the state of Florida. That is not to say that commercial real estate whose purpose is allocated to commercial retail or restaurants are a bad investment, it speaks more to how the housing market continues to make larger strides.

Commercial Property that fit the bill for friendly investments are:

Repurposing Properties

Digging deeper, it is important to note that skilled and knowledgeable investors understand the need to repurpose properties. This means that those in possession of investments that seem to be losing value like entertainment or restaurants still have an upside ahead.  It is critical that when necessary, an investor understands the opportunity ahead of them in terms of repurposing a property. The need for good commercial properties is high in South Florida so, if you find a venue or locale that is positioned in a good location for growth, don’t miss the opportunity to invest in that location and re-purpose if for your investment needs.

Now Is The Time To Invest

There are a vast number of opportunities in South Florida so, whether you plan on buying or selling, now is the time.  Location and proximity to urban centers are on the rise and only expected to grow.  Demand will continue to persists so it is a good idea to take advantage of the market and expect to grow post-pandemic. Locations positioned near rapidly growing areas like multifamily units and a hop, skip, and jump from affluent neighborhoods may be the best options ahead.

Need Help Navigating Commercial Real Estate In South Florida?  Call Mark Schecter Today.

The recent boom in Commercial Real Estate in Florida has not gone unnoticed. Many interested parties have been holding their breath as a result of the ongoing pandemic that has all but destroyed many businesses throughout the United States. That fear may not be warranted in the long term as it pertains to the state of Florida. This week alone, a global investor, Nuveen Global, acquired a large Industrial Portfolio for well over 250 million dollars which included four locations in Florida. Yet another healthy deal follows Nuveen with reports indicating that Marcus & Millichap brokered a 2 million dollar sale of a commercial location, close to 4,000 square feet of property, that was net leased to Starbucks.

Market Adaptation During Coronavirus

The old saying goes “New York, the city that never sleeps”, the fact is that South Florida never sleeps. South Florida Commercial Real Estate is not sitting the market out. Even in what would appear to be a downward market that no doubt, did have and will continue to have both highs and lows, Florida Real Estate is still in demand.

The market has learned to adapt and everyone from Real Estate Attorneys to Brokers and all industry parties in between have adapted. Some of this adaptation includes an emphasis on virtual tours and private appointments but that’s not all, on the realtor end, it also includes online events like the recent Miami Association of Realtors conducting a virtual commercial real estate conference. In addition, events with high profile parties diving into and discussing South Florida Real Estate like the Wynwood event covering an overview of Wynwood’s commercial real estate market.

Moving Forward During The Pandemic

Both business and life are moving forward in South Florida and that includes new commercial and retail locations, purchase, sales, and builds. From a string of national retail business opening shop along the Miami River to a brand new Wing Stop retail location opening shop in Fort Lauderdale and any number of other new commercial locations rising up through the pandemic to start, re-start or renovate commercial locations, the time to acquire your commercial real estate is now.

Looking To Purchase Or Sell Commercial Real Estate In South Florida?

You need an experience and knowledgeable Commercial Real Estate attorney who has an indepth knowledge of Commercial Real Estate in South Florida. Mark Schecter specializes in the South Florida markets and can offer you superior commercial real estate counsel.

Are You In The Market For Commercial Or Office Space In South Florida?

If you have been contemplating South Florida for a commercial or office-related venue, not only are you in luck, you’re also in good company.  

The Pandemic has had a variety of sectors leaving areas like New York City and Los Angeles with even more considering making a move to the Sunshine state. The benefits of moving business down to South Florida are numerous and more entrepreneurs and corporations are catching on, these benefits include but are not limited to the short list below:

Good Company In South Florida’s Thriving Market

This next step in the Pandemic recovery means that many of these companies will be moving many of their operations to the thriving market of South Florida and they will be in good company. As reported by Commercial Cafe back in March, Spotify, one of the ever growing Media Tech companies chose to establish roots at Wynwood in Miami.  Last year Live Nation, a giant among entertainment companies, signed a lease for the new wynwood building, both of the aforementioned joining popular Design and Architechure Firm Genslar.

Prices Will Go Up

South Florida is a beacon for renewal right now and there is no better time to pursue your new office space or re-locate current operations than at this very moment. Not only is there the ability to locate commercial space and office space in highly-sought after areas, but there is also the bonus of re-locating your start-up, operations, or expansion to one of the incredibly vibrant and stunning office parks and landscapes in Florida before the cost of investment increases. It is a sobering thought when you understand how valuable this opportunity is. 

Veteran Luxury Real Estate Attorney Mark Schecter

A South Florida Luxury Real Estate Attorney can act as your liaison by facilitating all of the necessary legal documents ahead of your visit to explore your options.  It is vital that you have experienced counsel who understands the South Florida Luxury market at your disposal. Contact my office today to learn how I can assist you.

Breaking Into Commercial Real Estate In South Florida

Commercial real estate can be an intimidating world for many, but the benefits are well worth the risk and the learning curve. With a solid team behind you, you can break into the commercial real estate world and start building your portfolio. But why invest in CRE in the first place? Here are a few of our top reasons why we think you might want to invest in commercial real estate.


Even if you already have a good portfolio, adding some commercial real estate into the mix can be beneficial. You’ll find much different behavior than what you’re used to with stocks and bonds, since commercial real estate doesn’t typically correlate with the stock market. Essentially, your investment won’t be at the mercy of the market. There are tons of different projects you can invest in, from office space to apartment buildings and everything in between. 

Decreased Volatility

If you’re purchasing an apartment complex, for example, you’re likely to experience little volatility within your cash flow. Tenants in CRE long-term rentals typically sign 3- to 5-year lease agreements, giving you a solid window for reliable cash flow. In general, you can expect less volatility than you would with publicly traded REITs and stocks.

Hedge Against Inflation

While many markets suffer with inflation, real estate tends to stay steady. As profits and wages increase, tenants can afford to pay more, which means you can charge more for your space, whether you own apartments or offices. You can watch the effects of inflation on goods and services, while your own investments stay reliable.

Tax Benefits

If you negotiate your contract properly, you might be able to take advantage of tax deductions related to interest expenses, depreciation, and more. As of 2018, tax laws allow for CRE owners to claim a 20% deduction of income received through pass-through entities, like LLCs. Additionally, you might be able to deduct some of your property’s depreciated value to cover the cost of your upkeep and maintenance. 

Work With An Experienced Commercial Real Estate Attorney In South Florida

If you’ve decided to take the leap to invest in commercial real estate, you’ll definitely want a lawyer on our side to help you negotiate contracts and secure your spot at a fair price. Mark Schecter is an experienced Florida commercial real estate lawyer who has seen countless cases, so he’s ready for anything you need. Contact Schecter Law today to learn more!