search

The Real Deal Logo

Trending

Major developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MSpec developer sells waterfront Bay Harbor Islands mansion for record $22MSpec developer sells waterfront Bay Harbor Islands mansion for record $22MClipper losing tenants that occupy 93% of 250 LivingstonClipper losing tenants that occupy 93% of 250 Livingston
South Florida

Commercial property foreclosures expected

Sign Up for the undefined Newsletter

Foreclosures on commercial properties in South Florida could increase
in 2009, as fewer tenants look for new or additional space and building
owners lack the cash flow to keep up with their mortgages. Businesses
have cut jobs, which creates more office, retail and industrial
vacancies. Retailers are having trouble staying in businesses. But
sales of commercial buildings may increase in 2009 because more
bargains will be available.