Investing in Florida Commercial Real Estate with the help of a commercial specialist is a good long term investment
Florida is known for its sunny, beautiful beaches, its rich cultural diversity and tourist attractions.
Florida, however, is much more than that, it is a fantastic market for commercial real estate investors.
Here’s why investing in Florida in commercial properties makes perfect sense:
1: Florida has one of the fastest growing economies in the US.
With one of the most resilient economies in the country. Florida definitely will rise above the 2020 economic crisis as it did back in 2007.
The Sunshine State is ranked the fifth fastest growing economy in the country. Additionally this economic growth offers investors abundant opportunities.
2: Florida and Taxes.
The tax rates in Florida are much lower when compared to most other states. Therefore, making it attractive for entrepreneurs to invest.
Florida has no personal income tax, hence the tax burden is much lower.
That is why commercial brokers are quite active in the buying and selling of Florida commercial real estate properties.
3: Population growth and high employment.
In 2017, Florida’s population growth was #2 in the US. This increase in population means that more and more people are interested in investing here. This in turn has led to a booming economy and low unemployment rates. Moreover, the demand for housing is continuously growing. As is the need for commercial properties.
4: Geography
Florida is located between two water bodies: the Atlantic and the Gulf of Mexico. Therefore it is highly accessible by air, land and sea. It is also the gateway to Latin America and the Caribbean. For this reason investing here is a great proposition for small and large scale businesses.
Finally, Florida ranks #1 in the country for foreign owned commercial properties.
This is why investing in Florida, especially in commercial properties is a wise decision.
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