The abundance of investment opportunities within the United States has brought such a large volume of European interest in, especially within the Miami region which may experience a varied change with regards to further globalization.
According to recent reports, the quantity of European investors has become absolutely significant over the last couple of months as businesses are now being launched left and right across the region which are making an impact on the Miami commercial real estate market as well as other sector's of the local economy.
Such activity essentially contributes to the recovery of the region, especially among the areas located east of I-95 which includes the fresh city of Aventura down to the old-fashioned neighborhood of Coconut Grove. In fact, such areas prove to be such superb locations for people who are looking to expand within the region since these areas are known to have the strength that can guarantee success and profitability.
As the number of European restaurants, lounges, bars, and clubs continue to grow in prime high-density areas such as Brickell and South Beach as investors from London and Spain have been spotted. Neverheless, fashion icons are also on the rise in areas such as the up-and-coming Design District as well as the upscale Bal Harbor Shops which have been known to be home to European fashion icons ever since the 1960s.
While the emerging Design District has yet to be unveiled, the fact that Bal Harbor is considered to be one of the most luxurious settings within the region makes it one of the most unusual Miami commercial real estate options for European investors – most of which are drawn to the tropical conditions and cultural diversity that the region is commonly known for.
In fact, there are plans to expand even more as an additional 230,000 square feet of retail options will be added on to the 450,000 square feet which exists today. While the Bal Harbor Shops do intend to continue business with their European stores, a large percentage of the expansion will be dedicated to new brands who want to become a part of the luxurious community.
Given the fact that the Miami region is considered to be a major gateway within the United States, European investors easily understand the value of being able to find a suitable location within the region. Of course, knowing that there is an astounding selection of Miami commercial real estate options available on the property market makes it an even more brilliant investment move to make, especially for people who wish to expand within one of the most profitable markets in the country today .