For years, MIAMI REALTORS® and Florida REALTORS® lobbied the state Legislature to cut Florida’s commercial-lease tax and successfully convinced lawmakers to make the move in 2021. Today, the cut becomes official as Florida’s commercial-lease tax goes from 5.5 percent to 4.5 percent. Projected to save businesses $219.3 million this fiscal year, the tax is slated to be further lowered to 2 percent next year. #MiamiCommercial
- Florida, Palm Beach home sales outperform rest of nation via Florida Weekly Palm Beach. MIAMI REALTORS® data and graphics sourced.
Terra’s David Martin On South Florida Development Now and Then via @commobserver
Real estate outlook 2024: Mixed bag for housing, office market, but retail space in demand via @pbpost
Originally published at https://www.miamirealtors.com/2023/12/01/friday-dec-1-south-florida-real-estate-market-articles/