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Vacancy rates in the South Florida retail market have stayed around 3%-4% consistently for the past three years, even with rental rates reaching historic highs.
“The Hub” development is expected to support a live/work/play environment close to existing corporate, medical, and academic research activity, and near housing, retail and public transportation assets.
Built in 2010, the two-story facility is 31,764 square-feet and situated along Towne Lake Parkway, within a medical office cluster in one of the main retail corridors in Woodstock.
Now might be an excellent time to take a fresh look at multifamily acquisitions. It's just one of the potential opportunities discussed in this exclusive interview with PNC Real Estate.
In this second article marking The Inland Real Estate Group's 50th anniversary, vice chairman Joe Cosenza discusses the commercial real estate outlook through the lens of five decades of navigating all sorts of waters.