South Florida has long been a magnet for tourists, retirees, and snowbirds, but in recent years, it's also become a hotbed for commercial real estate investment. From Miami's glittering skyline to the bustling streets of Fort Lauderdale and the picturesque coastlines of West Palm Beach, commercial real estate in South Florida is experiencing an unprecedented boom. Here's why this market is thriving and what it means for investors and businesses alike.

1. Economic Resilience and Growth

South Florida's economy has shown remarkable resilience and growth, even in the face of global economic challenges. The region's strategic location as a gateway to Latin America and the Caribbean, combined with its diverse industries—ranging from tourism and…

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Five financial firms with billions in assets were among the latest tenants who signed up for office space in a 25-story tower that's still under construction in downtown West Palm Beach.

One Flagler at 154 Lakeview Ave. is slated to be completed later this year, a spokeswoman for the project's developer, The Related Cos. said.

Although still under construction, 75% of One Flagler's 270,000 square feet of office space is pre-leased, the spokeswoman said. Previously announced tenants include Chicago private equity firm GTCR, which will occupy about 26,000 square feet of office, as well as Diameter Capital Partners, Siris Capital, and First Republic Bank. Greek restaurant Estiatorio Milos by Costas Spiliadis will occupy 10,000 square feet on…

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PulteGroup (NYSE: PHM) wants to replace a former bank branch in Juno Beach with a townhouse community.

The town’s Development Review Committee will consider the rezoning, comprehensive plan amendment and site plan for the 4.7-acre property at 13951 and 13955 U.S. Highway 1 on May 8. It currently has 13,809 square feet of retail/commercial space that was developed in 1976.

Atlanta-based PulteGroup has the site under contract from Palm Beach Gardens-based Juno Square LLP.

The homebuilder aims to build 40 for-sale townhouses in a community called the Dunes at Juno Beach. It would feature seven buildings of three stories each and 160 parking spaces. The townhouses would be over 2,200 square feet each, with two-car garages, and elevators. They…

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