Many investors want to grow their portfolios and are curious about getting into Florida’s booming commercial real estate industry. But before investing in commercial real estate in Florida, it’s important to understand the various markets in each area to ensure you make the right move. Working with the experts at Titan Funding in Boca Raton can help you find a commercial real estate property that increases your wealth. We have the knowledge and experience needed to get you a premier deal in an ideal location. Here are the best areas in Florida to consider investing in commercial real estate.

Miami

Miami is a major international business hub, making it a smart choice for commercial real estate investors. Within the city, you can find a diverse selection of commercial properties. Nearby areas such as West Palm Beach and Fort Lauderdale also offer a range of commercial property options with lots of potential. A vibrant nightlife and beautiful beaches make Miami a sought-after destination for those looking to escape colder climates. This aids in the city’s job growth, which also means people are moving to the area at a rapid rate.

Regardless of the type of commercial real estate you’re looking for, you can find properties around Miami that can suit your investing needs. The city has investor-friendly laws that make it simple to find good tenants and get rid of bad ones. In addition, the cost of living in Miami is lower than in other large metro areas. This has drawn more and more people to the area since 2020.

Tampa Bay

On Florida’s west coast, you’ll find the beautiful Tampa Bay area. This is another exceptional place to consider purchasing commercial real estate to expand your portfolio. Over the last couple of years, the demand for commercial real estate in Tampa Bay and the surrounding area has exploded. Steady population growth means rent prices have gone up by more than 20% over the last couple of years, making for a strong housing market. The potential for gains is definitely there if you’re looking at Tampa Bay for commercial investment purposes.

Orlando

Known for its thriving tourist attractions, such as Universal Studios and Disney World, Orlando is ideal if you want to get into the short-term rental market. The city is showing growth in the technology sector, which means an increasing need for office space. Commercial retail space is another sector in high demand, thanks to the large number of tourists visiting each year as well as an expanding population. Economic growth of over 4% means businesses are searching for space where they can attract employees and customers alike. You can’t go wrong investing in property in Orlando.

Jacksonville

Located in northeast Florida, Jacksonville is a strategic spot to invest in commercial real estate because of its expansive port and strong military presence. The city has become a hot spot for both industrial and commercial enterprises. Low rent prices bring people to the area, making it lucrative to purchase multifamily dwellings. Rent prices have increased significantly over the years, and you can expect this to continue as more people move to Jacksonville. You can still find superb deals on commercial real estate in the area if you know where to look.

Downtown Jacksonville has a growing need for commercial spaces where restaurants and retail stores are in demand. The city is small-business-friendly, so you can expect a continued need for commercial real estate.

Boca Raton

Boca Raton is just north of Miami. This area offers incredible scenery, amazing beaches, and high-end shopping and dining options. Because you can find upscale commercial properties in prime locations, Boca Raton is a wonderful place to consider investing in commercial real estate. Population growth has been steady over the years, so there’s potential for positive gains in the rental sector. A strong economy means businesses in the area are thriving. This draws commercial real estate investors to Boca Raton. You can find a diverse range of properties, including retail, warehouse, and multifamily locations.

Naples

In Naples, you’ll discover a high-class clientele who desire some of the best shopping and dining locations in the state. Although Naples is one of the more expensive areas for investing, you can also expect higher returns on your investments. People flock to Naples to enjoy boating and take advantage of the city’s incredible white-sand beaches. Naples not only draws tourists from all over the world but also those looking to make the area their permanent home. This makes for a strong real estate market for commercial enterprises.

Factors To Consider When Investing in Commercial Real Estate

Before you decide to invest in commercial real estate in Florida, you should understand what you’re getting into. These are some of the most important factors to consider if you want to invest in commercial real estate:

  • Your finances: Commercial properties are more expensive than other types of real estate, so make sure you have your finances in order as you prepare to invest.
  • The market: The commercial real estate market is different than the residential market, and you need to do your due diligence before you invest.
  • The demographics: Look into the demographics of the area you want to invest in to ensure you know the income potential for your desired property.
  • Your timeline: A commercial real estate deal has a different timeline than other types of real estate, so knowing there may be setbacks is key to finding the right deal.
  • Your involvement: You should expect to be proactive with any commercial real estate investment, especially in the beginning.

Talk to Titan Funding Before Investing in Commercial Real Estate in Florida

Florida is an exceptional place to start your commercial real estate investing endeavors. However, you need to make sure you know what you’re doing so you get the best deal. Contact us for personalized advice on all your commercial real estate transactions. We have years of experience with commercial real estate in Florida, and we look forward to helping you succeed.

palm trees line the shoreline of a city by Mr. Hickmott is licensed with Unsplash License