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Florida's Office Sector is Still One Of America's Best CRE Bets!
Updated: Aug 11
We at PTAG Are Dedicated To Helping You Capitalize On Your CRE Portfolio ROI
by George L. Rosario, Speaker, Business Development Director at Property Tax Alliance Group
Florida's office sector in commercial real estate has been an attractive investment for years. Over the last decade, the state has seen a tremendous increase in job and population growth, making it one of the most desired locations for businesses and investors alike. According to data compiled by the Florida Realtors Association, Florida's office sector has grown 11.7% annually since 2018, leading to an increased interest in the commercial real estate market across the state. This growth has created a strong demand for office-focused commercial real estate, making Florida's office sector one of the strongest CRE investments in the country. In this blog, we will explore some of the reasons why Florida's office sector remains a top investment opportunity for years to come and how commercial real estate investors can leverage this market in order to maximize their returns in the years ahead.
There are several factors that make the Florida office sector a top investment for 2023-2024, including a robust job market, low taxes, and diverse and growing economy. The state of Florida has experienced a major influx of job growth in recent years and is expected to continue expanding in the years to come. This job growth has provided businesses with access to a wide range of skilled workers and highly competitive wages for their employees. This has allowed companies to operate at a higher level of efficiency and productivity, resulting in increased profits and creating a strong commercial real estate demand. Moreover, Florida has some of the lowest taxes in the United States and is one of the few states that offers businesses a break on their taxes. This not only helps businesses save money but also encourages growth in the state, leading to an increase in commercial real estate investments.
Additionally, Florida is one of the most diverse states in the country. It is home to a variety of industries and businesses, offering numerous opportunities for commercial real estate investments. The state is known for its tourism industry, however it is also home to a growing technology sector, healthcare industry as well as a booming agriculture industry. This diversity has helped create a strong and well-rounded economy, offering investors the opportunity to diversify their portfolio with a variety of different commercial real estate investments across the state.
Furthermore, one of the primary advantages of investing in Florida's office sector is that it is one of the few markets that is still relatively affordable. Despite the ongoing pandemic, the state has largely maintained its robust job growth, leading to a relatively stable real estate market throughout most of the state. This stability has allowed investors to benefit from comparatively low prices which make the office sector an attractive investment for those looking for a larger return on their investments.
Conclusion
Overall, Florida's office sector in commercial real estate is one of the strongest CRE investments in the nation. The state has seen a huge influx of job growth, low taxes, and a diversified economy that has created numerous opportunities for investors and businesses alike. Additionally, the affordability of the market has made it a prime opportunity for investors looking for reliable returns over extended periods of time. With all of these benefits, it is clear to see why Florida's office sector is one of the best investments for 2023-2024.
If you are involved in the Florida commercial real estate business as an owner, investor, developer, acquisition specialist, etc., you must consult Property Tax Alliance Group - PTAG to take an outside look at your CRE property taxes.
Contact me today:
GEORGE L. ROSARIO
Business Development Director
Direct: 954-644-2322
Office: 954-202-9696
[Once you've taken the leap and become a commercial real estate owner, you have to give the pros at Property Tax Alliance Group - PTAG a call. #PTAGsaves Florida commercial real estate owners/investors on their property tax bill. The goal is to free up much needed capital for future endeavors, repairs or reinvestment. To learn more, contact us at www.TaxFlorida.com or contact me, George L. Rosario directly at 954-644-2322. A huge part of managing your Florida commercial real estate investment cash flow involves having your tax liability evaluated by Florida's best commercial real estate property tax team. The Property Tax Alliance Group (PTAG) is a South Florida-based professional Property Tax Consulting and Advisory firm delivering solutions to local, regional, and national clients since 2004. We offer an impressive portfolio of customizable tax reduction services available to Florida commercial property owners. County appraisers are not in the business of reducing your tax liability. We are! And, we help you accomplish this within the full spectrum of the law. Get in touch with us today if you would like PTAG to ensure your business is not overpaying its fair share of local property taxes and increase cash flow. #PTAGsaves]
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ABOUT THE AUTHOR:
George L. Rosario, #GeorgeTheSpeaker with GC Rosario Group
George L. Rosario is a Brooklyn NY born & raised businessman & entrepreneur turned consultant. He started GC Rosario Group with his lovely wife Claudia. With over 30 years of service to the marketplace in NYC, George has relocated and been graciously adopted by the business community of South Florida. He travels the country helping businesses and organizations thrive in today’s noisy environment. George & Claudia Rosario help companies, businesses, organizations and teams develop the necessary skillset and plan of action to not just survive but thrive in this new world. Their love for commercial real estate made them the ideal partners to help Property Tax Alliance Group #PTAGsaves help more commercial real estate investors, owners, property managers and developers gain more leverage over their portfolio's property taxes. We will help you meet your ROI and NOI goals. George is always available to meet over coffee and discuss how your commercial real estate portfolio can continue to grow when you use proactive strategies to lower your yearly tax burden. Let's talk about it.
“Every day is a good day when you do what you love and love what you do.” – George L. Rosario
George L. Rosario and Claudia P. Rosario are growing some of America's fastest growing brands, including Florida's best property tax consulting firm, Property Tax Alliance Group. If you own commercial property anywhere in the state of Florida, you know PTAG.