DO YOU EXPECT MORE BANKS TO GO SOUTH?

Last week's national GlobeSt.com Quick Poll asked readers if they expect to see more banks going 'south.' An overwhelming 84% majority said yes. Kirk Felici, regional manager for Marcus & Millichap out of the Miami office, weighs in on the topic and its effect on the Florida office market below;

"I don't think we've seen it all yet. There was a lot of bad lending practices out there, and now it's all catching up. Even though most of that was on the residential side, it's impacting the commercial side.

"It's also causing the displacement of lending and mortgage brokers. I'm personally getting resumes from displaced mortgage brokers to become commercial real estate brokers. They have a nexus in the real estate industry and there are no jobs in the mortgage industry right now.