EB-5 Investors Fuel Spec Building Trend
Most South Florida office developers will tell you there’s mounting demand and market fundamentals to support new office construction in many pockets of South Florida. The problem is that lenders and institutional investors won’t bankroll new office buildings without pre-leasing. And, since it is unbelievably hard to get a company to lease something that
South Florida’s hottest office towers are attracting suitors faster than debutantes at a country club. CityPlace Tower, Courvoisier Centre, 350 and 450 East Las Olas Boulevard, and Douglas Entrance are just a few of the landmark office sales leading the region into a office buying boom, similar to the one we saw in the mid-2000s.