South Florida commercial real estate is hardly a bad investment. The population of South Florida is swelling, and with new residents comes the need for offices, shops, and rental properties. Let’s focus on that last one, rental properties.
There are several reasons people are lining up for rental properties throughout South Florida, including Boca Raton, Coral Springs, Deerfield Beach, Fort Lauderdale, North Miami, and Pompano Beach. For one, there’s a shortage of homes. And those that are available are incredibly high priced compared with some of the areas that people are moving from. The high price of homes is also unattainable for those who cannot produce the down payment or qualify for a mortgage otherwise.
Another draw to rental properties is that many newly arriving residents want to learn about the area before deciding where to plant their roots. As much as they may say they want the vibe of an area such as Deerfield Beach or North Miami, they may find it didn’t match their expectations.
We’ve gone into some of the reasons for acquiring apartment buildings through commercial real estate lending in Boca Raton, Coral Springs, Deerfield Beach, Fort Lauderdale, North Miami, and Pompano Beach. Now let’s look at the information available for this area from RENTCafé.
Miami-Dade County, including North Miami
- Rent pricing: average $1,679/month
- Renter-occupied households: 45%
Broward County, including Fort Lauderdale, Coral Springs, Deerfield Beach, and Pompano Beach
- Rent pricing: average $1,944/month
- Renter-occupied households: 50%
Palm Beach County, including Boca Raton
- Rent pricing: 89% over $2,000/month
- Renter-occupied households: 44%
Opportunities for rental units using commercial real estate lending are a strong enterprise for the right investor. Suppose you have a strong plan or are just doing your first search into commercial real estate lending possibilities. In that case, you can’t miss the prospects in Boca Raton, Coral Springs, Deerfield Beach, Fort Lauderdale, North Miami, and Pompano Beach. Call us today to get started with the best pricing possible on commercial real estate lending for their next investment.