Location Ventures CEO Rishi Kapoor was recently featured in Bisnow “Predictions For South Florida CRE In 2020”.
From the article:
So 2019 is drawing to a close, having given the world of commercial real estate things we expected – like a booming industrial market -and things we didn’t (WeWork and opportunity zones were among the greatest flops of the decade). Bisnow asked some South Florida real estate pros what 202 may bring. Here are their thoughts:
Rishi Kapoor, CEO, Location Ventures:
“Pointing to various indicators, the fortress submarkets of Miami’s luxury condo inventory are the prominent choice in 2020, compared to areas of oversupply. Foreign buyers will remain a challenge, despite promising pockets from target countries in Latin America; the true stability is in the end-user, who traditionally purchases a primary residence rather than investment product, and is more likely to focus on lifestyle moves in the market. This is why more protected submarkets, such as Coral Gables, will be a strategic play, as we’re seeing a wave of retirees or empty nesters, coupled with growing families, seeking to place roots in a neighborhood with a thriving business environment, limited top-tier condo product and a historic record for stability.”
Location Ventures is an integrated real estate platform that provides comprehensive investment, development, management, marketing, and sales for residential and mixed-use properties in the South Florida market and beyond. What does that mean? We invest in one-of-a-kind living experiences that make the highest and best use of unique development locations.
A private real estate investment and asset management division that raises capital to invest in premium locations and premier developers.
Focused on developing architecturally significant living experiences to key markets in South Florida.
A full-service real estate sales and marketing team that offers comprehensive buyer, seller, and investor services to both property owners and developers.
Read More From The Bisnow Article Here