A new market survey published by Reis Reports Inc., a New York-based commercial real estate research group, attributes the increase to demand from foreign and domestic investors that view the Broward County market as affordable and supported by effective transportation infrastructure.
"Keeping the market a hotbed of activity is the construction of I-595, which has improved roadway and market access from western Broward County and downtown Ft. Lauderdale to Miami-Dade and the rapidly expanding area of Miami International Airport," according to the report.
Although each submarket would vary greatly, Harry Tangalakis, a CB Richard Ellis first vice president, tells GlobeSt.com the Reis Report conclusions don't surprise him.
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