Magic City: Life's a Beach, Claim Your Spot

In 2016, Miami was ranked #3 for Most Fun Cities in America and #8 for Best Party City in the World. So, it’s no wonder people flock to this coastal city in Florida. Boasting more restaurants and fitness centers per-capita, you could safely say businesses are booming and the commercial real estate market is just as hot as the temperatures. With a continuous rising population, stable economy and competition for space, the constant rise in rental rates is no surprise. Therefore, Miami maintains its high ranking for one of the most desirable locations to invest in real estate.

Many factors play into Miami’s constant real estate market success. In 2015, Miami received over 15.4 million tourists and visitors, making it one of the words most popular destinations. Tourism is lucrative for real estate investors who seek to own properties and reap the benefits of high rental rates all year round. Due to its coastal location and easy accessibility through multiple ports, Miami offers big trade and business opportunities for entrepreneurs, corporations and investors alike.

Foreign investors have also started looking to the U.S. for alternative ways to invest their wealth, Florida especially. In 2015, Florida was ranked #4 among all US states for foreign investments in commercial real estate. Factors like rapid growth in the population and economy and high rate of job creation, plus the skyrocketing tourism rates attract investors to the state of Florida. Purchasing commercial real estate in Florida has proven to offer investors greater yields at lower buying costs. Commercial real estate professionals have recently seen buyers appear from every continent. Whether you’re looking to purchase a single or multi-family investment property for rental income or relocate your business to one of Miami’s high-rise office buildings, consider hard money asset based lending to assist you with all your time sensitive real estate transactions.