In Miami alone, the residential housing market that consists of bachelor type condominium units and simple to elegant luxury homes has been slowly rising from its losses that dates back to 2007 – where the first wave of economic uncertainties hit the country – leaving countless Americans with home properties in debt due to ridiculous mortgage rates.
When we talk about the commercial real estate market in Miami, however, it seems that it is not attracting enough buyers and investors as it did back then. Because let us face it, Miami is one of the places in the entire country where it is better to buy a property than to rent one. But since not everyone has the money and luxury to afford such home or condo properties, more often than not, these people resort to rental properties – and that is where the commercial real estate market comes in.
The only reason why the commercial real estate market of Miami is not getting the credit it usually deserves is because of the fact that home and condo properties are the hottest real estate property investment at the moment.
When you invest on a commercial real estate property that consists of suitable apartments for rent, you are instantly looking at a possibility of a return income in less than 5 years! Although these types of investments may be risky, the fact that you can get to choose a suitable location for your property of interest can dramatically increase your chances of profit. Because no matter where you look at it, if you have a nice property located in one of the busiest places of any city, chances are you will be benefiting from a lot of potential leases for your property.
Daily News Miami