Florida commercial real estate market is showing signs of recovery after a brief quiet period following two recent hurricanes that struck the Sunny State. Commercial real estate for arcades and shopping malls is seeing a metamorphosis in order to adapt to the needs of the current-day shopper. Generally, real estate prices in Florida have consistently been showing an upward trend for the past couple of months. Florida commercial real estate re-sales are on the rise as well. The most eager of real estate buyers come from minority groups such as Latin Americans and Asians. Open-air commercial real estate is a new concept in Florida that is recently taking charge. Shopping centers are the typical applications of this real estate concept. Open-air shopping centers are a variation on group retailing. Hence, shopping centers constitute a core segment of the Florida commercial real estate sector. Enclosed malls are slowly relinquishing their dominance to open-air centers because of the distinguishing feature that open-air centers offer more retail space than traditional walled malls. Commercial real estate for shopping is thus manifesting novel trends. Adaptation is the key to survival in the commercial real estate business in Florida. Redevelopment of the commercial property is the most practical action that the property owners should do. Convenience and ambience are top factors that current-day shoppers consider.
For those who are looking for a commercial property in Florida, recognizing the type of business to venture into as well as the choice of desired location are two important things to consider. There exists a wide variety of commercial property types that clients might be interested in, from retail establishments to office spaces.
Commercial real estate properties are generally classified into two major categories, namely retail properties and investment properties. The category of retail properties covers shopping malls and shopping centers, chain store locations, franchise sites, retail shops and locations, and showrooms. The category of investment properties includes commercial rental properties, residential developments, net leased properties, office spaces, and business parks.
The categories for commercial real estate locations are high-tech property areas which include those for medical laboratories, research and development parks, and call centers; land brokerages, which cover sites allotted for industrial parks, waterfront properties, land tracts, and resort properties; hotel and resort property category, which are exemplified by locations for hotels, motels, stadiums, convention centers and theme parks sites; and industrial and distribution property locations for warehouses, airports and factories.
Despite high prices, Florida is generally an attractive place where one could start up a business. Florida offers a lot of potential sites to situate enterprises, and all of these have a high chance of creating substantial returns. Some areas that could stir your interest are Martin, Miami-Dade, Broward, St.Lucie and Palm Beach Counties in South Florida; Sarasota and Manatee Counties in Sarasota; Hillsborough, Pasco and Pinellas Counties in Tampa Bay; Fort Myers and Cape Coral area in Southwest Florida; Orange, Seminole, Lake, Polk, Osceola and West Volusia Counties in Orlando/Central Florida; Leon, Franklin, Jefferson and Wakulla Counties in the Tallahassee area; and Duval, Clay, Putnam and Nassau Counties in Jacksonville/Northeast Florida.
Whichever area particular you choose the attractiveness of this region to tourists and foreign investors ensure that obtaining a property in the Florida commercial real estate [http://floridamortgagebroker.us] is something that will benefit you in the long run.