The cities located in South Florida are among the best places to invest in the Opportunity Zoneshighlighted a report by the company Cushman & Wakefield, specializing in commercial real estate services.
By MiamiDiario Newsroom
A new study carried out by an expert real estate company places the cities of Miami, Fort Lauderdale and West Palm Beach among the best places to invest in opportunity zones, announced bizjournals.com.
The company Cushman & Wakefield, based in Chicago, analyzed more than 45 markets in which are located the 31% of America's Opportunity Zones, and posted the results in its July report titled, “In the Opportunity Zone: Location. Weather. Capital".
Miami-Dade
The elements that the company considered to qualify the Opportunity Zones included the areas in their tax regulatory environmenthave employment creation as population growth, they also incorporated the figures for commercial real estate such as offices and multi-family inventory.
Six South Florida cities made it to the Top 25, four of those six finished in the top 10, putting the Sunshine State in one of the top spots on the list.
Among the aspects pointed out in the report is that «Sunbelt markets lead the group, since the growing populations support economic prospects and fundamental and tax regulatory environments are generally favorable for development.”
Fort Lauderdale
Other places that, according to the study, also have fast-growing markets are California and the Mountain West, including the San Francisco Bay Area, Los Angeles, Portland, Seattle and Manhattan.
The report shows the areas - such as the south florida– who seek to attract investments to your opportunity zones.
El opportunity zone program It was created by the United States government through the Tax Cuts and Jobs Act of 2017, Its objective is to direct private economic investment in historically disadvantaged areas by offering tax deferral benefits on capital gains to investors.
West Palm Beach
In South Florida there are 123 opportunity zones, 67 in Miami-Dade, 30 in Broward and 26 in Palm Beach counties.
Nearly 16% of South Florida's commercial assets are in opportunity zones, one of the highest rates in the nation, explains commercial real estate platform Reonomy.
You may also be interested:
Trump accused China of 'currency manipulation' amid trade war
Keys Marine Reserve contributes $4.400 billion to Florida's economy
Spanish financial group GVC opened a subsidiary in Miami under the name Ceres Global Advisory