Last week we wrote about a new batch of residential real estate buyers in Miami. It isn't only residential real estate in South Florida that is seeing a rebound, however. Currently, investors are scrambling to get into the commercial market as well. Property deemed to be prime, possibly on the waterfront, is the most desirable. Properties of all types, restaurants, condominiums, parking garages and hotels are being snatched up.
The investors in the properties are coming not only from the United States, but from around the world as well. Brazil, Peru and Turkey are just several countries from which investors are popping up. While the area has always been desirable, the apparent stabilization of the market is making the now affordable property even more appealing.