In an article posted on July 12, Nelson Mullins Riley & Scarborough LLP partner Raul Valero and associate Michael Marcus, who both work out of the firm’s Boca Raton, Florida office, shared their insights on investment opportunities in South Florida strip malls and shopping centers — and what opportunities for developers that those commercial hubs also may present.
“South Florida has emerged as a sought-after real estate market due to its significant influx of full-time residents. According to a 2022 study by the National Association of Realtors, Florida was the state with the highest net domestic migration in 2022 in both raw numbers and population percentage. This increase is occurring across a variety of demographic groups, including retirees, families and young professionals. Factors such as state tax policies, beautiful beaches, and desirable weather make the state a popular relocation destination,” Valero and Marcus wrote in the article.
