L-R: Steven Hurwitz managing director with JLL, Michael A. Comras president and CEO of The Comras Company, and Mitash Kripalani, director investment services with Colliers International. Courtesy photos
When hype about real estate growth in a certain area gets to be too much, it's time to look elsewhere.
This seems to be how things go in real estate, and South Florida is no exception. This year big-name developers turned to somewhat forgotten and traditionally unexciting areas for new office and retail projects. And despite all the chatter about downtown redevelopment and population growth, it was the suburbs that boasted high multifamily rent growth and caught the eye of investors.
The collective nod toward untapped markets will continue next year, meaning that's where investment appetite will be, three real estate experts said. This trend is no surprise.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
