High Profit Commercial Real Estate Developments Provide More Opportunities Within Miami
One of the most controversial major development projects is Resorts World Miami which will rise upon a 13.9 acre site in the Omni District of Downtown Miami. With 10 million square feet estimated to cost $3.1 billion to develop, it is one of the largest plans that Florida has ever seen.
While there are speculations as to whether or not the plan to build the largest casino in the world is going to push through due to legislative reasons, the developers behind Resorts World Miami remain determined to push through with their plans with or without the casino feature.
Heading over to the great Midtown Miami area, another luxury development project is expected to transform what we know as the Design District where over 130 art galleries, showrooms, firms, shops, boutiques and a variety of dining establishments can be found.
However, the Design District is going to be even larger because of the plan to bring in up to as much as 40 to 50 luxury retailer brands are expected to become a part of the area which is going to be as promising in its potential as other famous shopping areas within Miami such as Bal Harbour Shops and Lincoln Road.
Even the office sector of the Miami commercial real estate market is providing such an amazing opportunity for investors with options such as Miami’s 1450 Brickell in the region’s Central Business District. According to data gathered in March, the total occupancy rate of the building which offers approximately 19,500 square feet of office spacing is now at 77 percent which many believe will reach full occupancy before the first half of 2012 comes to an end.
People who have always wanted to be able to cash in on the right options are strongly encouraged to get in touch with a professional agent that specializes in the region to find out more information about the Miami commercial real estate market and what it has to offer to those who want to engage in the most profitable investments within the region.
Yaz Morgan
Miami Commercial Real Estate
