According to an analysis by climate-modeling firm First Street Foundation, Florida built 77,000 new properties in high-risk flood areas since 2019, the most in the nation. This building binge is putting the real-estate industry, and the banks that finance it, on a collision course with insurers.
Storms Be Damned, Florida Keeps Building In High-Risk Areas Read More »
Insurance premiums for commercial properties have surged, with rates up 50% in storm-prone areas, doubling in some places this year. Landlords, already dealing with higher interest rates and operating expenses, find lenders unwilling to ease strict insurance requirements.
Insurance Costs Squeeze Commercial Real Estate As Climate Risks Rise Read More »
According to a report from Coworking Cafe, Miami is among the 20 U.S. cities where it’s cheaper to become a member of a coworking space, as opposed to leasing an office. A modestly sized company in Miami can save an average of $70,129 a year.
Miami Coworking Space 61% Cheaper Than Office, Report Says Read More »
