MIAMI—Across South Florida there is very little office space under construction. Some say that translates to a huge demand for office space in three to four years.
Stephen L. Smith, vice president of The Hogan Group, whichmanages and leases 1.4 million square feet of office space at Waterford at Blue Lagoon in Airport West, has some advice for tenants whose leases will expire during that time frame. He shares it in the third part of our exclusive interview.
“First, most available land is being developed as multifamily right now,” Smith says. “It's a question of highest and best use. You can make more money right now building a condo than building office.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
