(Crystal Proenza is associate editor ofRealEstate Florida.)
BOCA RATON, FL-It seems every few weeks another report isreleased describing the softening and rising vacancies of SouthFlorida's commercial real estate market. The residential crisis hasspilled over into the commercial sector and seems to be lingering,though the story isn't doom and gloom for every submarket.
"Those companies that are around for the long term make gooddecisions in good and bad markets," says George Ledwith, vicepresident of development with Liberty Property Trust in Boca Raton.Companies such as Liberty are persevering and even prospering inSouth Florida, despite decreased activity in the market.
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