The Native Realty CEO shares his insights about the uptick in commercial real estate acquisitions from franchise companies in the restaurant, beauty, experiential retail and other sectors in a new Miami Herald article. Sturgis mentioned that Fort Lauderdale urban core neighborhoods such as Flagler Village and Progresso are particularly seeing interest from these companies.
The pandemic gave franchisees shopping South Florida real estate a leg up
Buyers are calling from a variety of states, including New York, New Jersey, California and Chicago, said Jaime Sturgis
“The most desirable locations are close to urban cores, including Fort Lauderdale’s Flagler Village, Progresso Village and around NE 13th Street.
“Buyers are looking … to be in up-and-coming areas surrounded by multifamily projects which will increase the density in the area,” Sturgis said. “Some are also looking to buy properties in an Opportunity Zone to make a profit from a sale after a five, seven or 10-year hold period.”