Ryan Cassidy,left, and Alec Laethem, right, of Franklin Street Insurance Services. Courtesy photos Horror Stories of a Hardening Market—Things to Watch Out for When Buying a Property in S. Fla.
With the high demand comes increased competition and an extremely fast-paced market. In order to get a deal done, some factors, like insurance, are being overlooked by many buyers. And then buyers are left with enormous insurance surprises due to evolving insurance requirements and rising rates.
May 11, 2022 at 01:45 PM
5 minute read
Real Estate
One thousand people are moving to Florida every day.In Q4 2021 alone, 279 commercial real estate transactions valuing over $5.5 billion took place in South Florida. That's 84.76% more total transactions and than Q4 2020 and a 251.585% YOY increase in transaction value. South Florida is arguably the hottest commercial real estate market in the United States and the demand is not slowing down as capital continues to pour in from investors.
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