Outlook Remains Bright for Commercial Real Estate in Florida, Despite Hurricane Irma

Outlook Remains Bright for Commercial Real Estate in Florida, Despite Hurricane Irma

Posted on: October 27, 2017

Even Hurricane Irma can’t keep Florida commercial real estate from growing strong. Investor and leasing demand is still climbing, offering Canadian investors a great diversification strategy for their portfolios. Florida remains the top choice in the U.S. for international buyers.

We’d like to share a few recent articles with you that highlight the current state of commercial real estate in the sunshine state and discuss why foreign investing is a great strategy for Canadian investors:

Hurricane Irma’s effect on South Florida’s vibrant real estate market is not likely to be much more than the hassles of delayed home deliveries and closings, industry observers say.

The commercial real estate market also appears to have emerged from Irma largely unscathed, said Ken Krasnow, managing director of Colliers International South Florida.

With the recent passing of Hurricane Irma over Florida, the State’s commercial property sector managed to escape significant damage given the scale and strength of the storm.

According to Spencer Levy, CBRE’s Head of Research said, “Florida significantly strengthened its defenses after hits from past major hurricanes, and those improvements were instrumental in helping the state weather this potentially devastating storm.”

Horizon West, with only about one-fourth of its 23,000 acres built out, already has carved out a place among metro Orlando’s most successful newer developments.

There is more growth on the horizon. Among them is the 200-acre Horizon West Sports Complex Orange County plans. Also, to the west, Lake County has its own plans for development, including a roadway connector called Wellness Way.

Real estate is a great way to diversify your portfolio. But just as with equities and fixed-income investments, a domestic focus on real estate can be shortsighted. Think beyond Canada.

The Florida market has weathered Hurricane Irma very well, and continues to show great potential for commercial real estate investment growth. Canadian investors are in the perfect position to benefit from these opportunities while the economy strengthens and the potential
for significant ROI is high.

“I recently returned from Orlando, FL, where I saw the destruction of Hurricane Irma first-hand. It was amazing how quickly Florida’s relief and support systems were able to clear most of the damages, and I was impressed by how well the infrastructure was built to resist natural disasters.

Although Florida has weathered the storm well, there is still a lot of work to be done, particularly in some of the residential areas. Many of the inhabitants of the state are in need of assistance and aid. We have created a Hurricane Irma Relief Fund to help the residents recover – please consider donating today.

  • Narinder Seehra, Chief Executive Officer and Co-Founder of MSR Holdings Inc.

MSR Holdings Inc. acquires exclusive commercial real estate investment opportunities in the US and Canada, currently focusing on Orlando, Florida. Contact us today to discuss becoming one of our select investors.

Join our investor registry to be the first to know when we acquire new commercial investment properties.

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