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Migrating Businesses Help Grow South Florida CRE Market Despite, and Because of, the Pandemic
South Florida's office market is rapidly changing as the COVID-19 pandemic has fueled a large migration of businesses to the region. The companies, many of which are from the Northeast, California and Midwest, are seeking to expand or relocate to take advantage of the state's tax benefits, lifestyle and prime real estate.
Many businesses are attempting to get back to "regular life," which means going back to the office. That means the office market will likely start to see more normalcy, despite thousands of Delta variant cases, according to Todd Rosenberg, managing principal and co-founder of Pebb Capital, a multi-strategy real estate and private equity investment firm in Boca Raton.
"Part of that would be going back to the office and taking precautions within the office, maybe making some modifications, but still trying to get back to work outside of work-from-home," said Rosenberg.
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