722: The Demand For Neighborhood Retail Is At All-Time Highs

The cost of land, borrowing, and construction has made it prohibitive to build new neighborhood retail centers in Florida. As a result, occupancy at existing properties in many markets is in the mid-high 90’s and sometimes even 100%. There’s a huge demand for space from restaurants, yoga and Pilates studios, gyms, massage clinics, plus other medical providers like dentists, chiropractors and joint clinics. There are also many other tenant types that need retail foot traffic to survive. Todd Nepola, President of Current Capital Real Estate Group, has been buying retail centers in South Florida for 25 years and has generated great wealth for investors.