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Art & Real Estate in Miami: How September’s Exhibits Signal Big Moves for Commercial Real Estate

Miami’s vibrant art scene this September, with exhibitions like Locust Projects’ algo·ritmos (2 tienes santo pero no eres babalo), The Bass Museum’s re-hung collection featuring Isaac Julien’s Vagabondia, and Sarah Crowner’s bronze sculptures, signals a cultural surge across neighborhoods like Downtown Miami, Little Haiti, and Miami Beach. Emerging venues like Queue Gallery and established institutions such as Frost Art Museum and NSU Art Museum are driving this momentum, showcasing innovative works that draw diverse audiences. These events are more than cultural highlights; they act as economic catalysts, boosting foot traffic and signaling potential commercial real estate (CRE) opportunities in areas experiencing artistic growth, much like Wynwood’s transformation into a global art hub.

The clustering of art exhibitions has direct implications for CRE, as galleries and museums increase neighborhood visibility and desirability, often leading to higher rents and premium pricing for retail and creative office spaces. Adaptive reuse properties—former warehouses or storefronts converted into flexible cultural hubs—are in high demand, requiring open floor plans, high ceilings, and robust infrastructure to accommodate galleries and pop-up events. Miami’s cultural anchors, like The Bass and Frost, generate steady visitor traffic that benefits nearby retail, cafés, and coworking spaces, stabilizing property values and enhancing mixed-use developments. Public arts funding and favorable zoning further support this synergy, encouraging developments that integrate cultural spaces.

However, the art-CRE relationship faces challenges, including galleries’ thin margins and potential displacement due to rising rents in trendy neighborhoods. Despite these risks, strategic lease structures and community partnerships can mitigate vacancies and zoning complexities. The influx of art-driven tourism fuels demand for short-term leasing of pop-up retail and event spaces, keeping properties dynamic and increasing long-term value. By tracking Miami’s art scene, CRE stakeholders can identify emerging hotspots, leveraging cultural vibrancy to unlock future investment opportunities and create lasting urban value.

References:

https://www.miaminewtimes.com/arts/the-best-miami-art-shows-to-see-in-september-2025-23884591

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Preparing Commercial Properties for Florida’s Hurricane Season

Florida’s hurricane season—June 1 to November 30, 2025—is underway. This period poses significant challenges for commercial real estate managers across the state. Drawing from guidance by Advanced Collection Bureau and Florida Realtors®, here’s a streamlined playbook for protecting your investments and ensuring business continuity.

1. Conduct a Targeted Risk Assessment

Start with a comprehensive risk audit of your commercial assets:

  • Evaluate structural vulnerabilities—inspect roofs, façades, doors, windows, drainage systems, and any exterior attachments.

  • Upgrade proactively—consider hurricane-rated windows, reinforced loading docks, and wind-resilient roofing materials, especially for properties in high-risk coastal zones.

  • Minimize debris risk—trim trees, secure signage and exterior fixtures, and eliminate potential projectiles.

2. Optimize Insurance & Mitigation Coverage

For commercial properties, the potential financial exposure can be substantial:

  • Review insurance carefully—ensure policies cover both wind and flood damage; typical commercial insurance may leave gaps.

  • Explore mitigation programs—resources like My Safe Florida Home may offer inspections or retrofitting incentives that reduce long-term repair costs.

3. Establish Clear Communication Protocols

  • Pre-season planning—create and share emergency preparedness guides with commercial tenants, including evacuation instructions, emergency contacts, and steps to take pre-storm.

  • Multi-channel alerts—utilize email, property management platforms, SMS, or signage systems to disseminate real-time updates before, during, and after storms.

  • Tenant support—encourage tenant confirmation of business insurance, especially regarding flood coverage.

4. Stock and Deploy Emergency Supplies

Have essential preparedness tools in place, adjustable for commercial use:

  • Common-area readiness—ensure shared spaces have accessible items like sandbags, tarps, flashlights, battery packs, and first-aid kits.

  • Backup power strategies—generators are often invaluable for preserving critical systems and minimizing business disruption.

  • Service agreements—secure contracts with trusted roofers, electricians, water damage specialists, and general contractors ahead of time for rapid response.

  • Tax incentives—take advantage of Florida’s disaster sales tax holiday (June 1–14), when hurricane essentials like generators, tarps, and flashlights may be tax-exempt.

5. Coordinate Post-Storm Recovery Efforts

Swift, well-documented action after a storm can protect assets and livelihoods:

  • Document thoroughly—capture photos and video of all damage for insurance claims and internal review.

  • Communicate transparently—inform tenants about inspection outcomes, repair timelines, and any necessary temporary access restrictions.

  • Restore services efficiently—prioritize restoring crucial building systems: power, HVAC, elevators, and security. Fast action helps tenants resume operations quickly.

6. Strengthen Resilience and Business Continuity

  • Emergency plans for special needs—coordinate with local authorities for tenants needing assistance, and ensure plans include visitors or staff with mobility or medical needs.

  • Avoid hazard zones—if your portfolio includes EV charging stations or electric vehicle access, ensure they are placed outside of saltwater flood zones to reduce risk of damage or battery hazards.

  • Encourage tenant readiness—encourage commercial tenants to have their own emergency kits, evacuation strategies, and document protection plans (for inventory, equipment, and leases).

Sources:

https://www.advancedcb.com/post/how-property-managers-can-prepare-for-hurricane-season-in-florida

https://www.floridarealtors.org/newsroom/Florida-Realtors-Prepare-for-Hurricane-Season

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Florida’s Commercial Rent Tax Repeal: What It Means for Tenants and Landlords

Sources:

https://www.gulfshorebusiness.com/florida-business-rent-tax-ends

https://www.trepp.com/trepptalk/florida-eliminates-its-commercial-rent-tax-what-next

A Landmark Change in Florida Commercial Real Estate

Florida’s long-standing commercial rent tax will soon be history. With the passage of House Bill 7031, signed by Governor Ron DeSantis, the statewide 2% sales tax on commercial lease payments—and related local surtaxes—will be eliminated effective October 1, 2025. This move ends Florida’s unique position as the only U.S. state to levy a statewide sales tax on commercial rent, representing a major policy shift that will reshape the economics of leasing across the state.

The History of the Commercial Rent Tax

The commercial lease tax was introduced in 1969 and, at its peak, reached 6%. Over the decades, it was gradually reduced, reaching 2% by mid-2024. For years, business leaders and real estate professionals argued that the tax increased occupancy costs and placed Florida at a competitive disadvantage compared to other states. The repeal represents a significant pro-business measure, with the state projecting annual savings of nearly $1 billion for commercial tenants.

How Tenants Will Benefit

For tenants, the financial impact will be immediate and substantial. A company paying $100,000 in monthly rent will save approximately $24,000 annually once the repeal takes effect. These savings can be redirected toward reinvestment in operations, business expansion, or workforce growth. By lowering the cost of occupancy, the repeal is also expected to attract new businesses to Florida, particularly those that previously viewed the state’s tax structure as a barrier to entry.

What It Means for Landlords

Landlords will also see benefits from the repeal, particularly in the form of reduced administrative burdens. Once the tax is removed, there will be no need to calculate, collect, and remit sales tax on rent. In high-demand submarkets, some landlords may adjust base rental rates to capture a portion of the savings, while in more competitive markets, tenants are likely to retain the full benefit. The elimination of the tax is also expected to stimulate leasing activity, which could help strengthen property values across office, retail, and industrial sectors.

Preparing for the Transition

Both tenants and landlords should take time before October 1, 2025, to review their lease agreements and operational processes. Tenants should ensure that rent invoices dated after this date no longer include the tax, and they should consider using the projected savings as leverage during renewal or expansion negotiations. Landlords should update their accounting systems to reflect the change, make any final tax filings for rent due prior to October 1, and communicate the details of the repeal to their tenants in advance to avoid confusion.

Exceptions to the Repeal

While the repeal is broad in scope, certain types of rental transactions will remain taxable. These include transient accommodations of less than six months, parking and storage rentals, boat docking arrangements, aircraft tie-downs, and equipment rentals. Additionally, any rent that is due before October 1, 2025, will still be subject to the tax, even if the payment is made after that date.

The Bottom Line

The elimination of Florida’s commercial rent tax is a significant milestone for the state’s commercial real estate industry. Tenants will enjoy meaningful cost reductions, landlords will benefit from operational efficiencies, and the overall leasing environment will become more competitive. At Cohen Commercial Realty, we are ready to guide clients through this transition, ensuring they are positioned to take full advantage of the opportunities created by this historic policy change.

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The Urban Shift: What Florida’s Booming Downtowns Mean for Commercial Real Estate

South Florida’s urban cores—Miami, Fort Lauderdale, and Delray Beach—are in the midst of a commercial and cultural transformation. No longer defined solely by tourism or beachfront living, these city centers are evolving into economic powerhouses that attract business, talent, and capital. At Cohen Commercial, we help clients navigate this shift with insight, strategy, and regional expertise rooted in the realities of South Florida’s dynamic markets.

Miami: Skyrocketing Growth & Global Positioning

Downtown Miami has emerged as one of the nation’s fastest-growing urban hubs. In 2024 alone, more than 11,300 residential units were initiated—surpassing 2023 figures and reinforcing the city’s continued upward trajectory. Over half of all new residential construction in Florida is now happening in downtown Miami, and most of it is luxury-focused.

This boom isn’t limited to housing. Miami is rapidly becoming a global business capital, drawing in corporate headquarters, financial firms, and high-net-worth individuals from across the U.S. and Latin America. In 2023, exports from the Miami region reached nearly $140 billion, as Brickell and nearby districts gained traction as headquarters locations for multinational companies.

Transit-oriented developments like MiamiCentral—which integrates Brightline and Tri-Rail connectivity with residential, retail, and office space—are helping to reshape how people live and work downtown. With direct access to both regional and intercity transportation, properties near these nodes are seeing major value appreciation.

Fort Lauderdale: Stabilizing for Long-Term Strength

Downtown Fort Lauderdale, once on a rapid construction sprint, is now entering a more stable phase of growth. While development activity has cooled compared to previous years, this deceleration provides space for strategic reevaluation and improved urban planning.

Major transit infrastructure investments—most notably the PREMO Light Rail project, part of Broward County’s $4.4 billion mobility initiative—are set to boost connectivity between downtown, the airport, and Port Everglades by the end of the decade. This future-forward approach to infrastructure is expected to enhance downtown’s appeal and unlock new development potential along the planned transit corridor.

Delray Beach: Smart Growth Through Mixed-Use Vision

Delray Beach continues to thrive by balancing charm with innovation. The Atlantic Crossing development—slated for completion in 2025—is a defining project for the downtown area. It spans 9.2 acres and includes a vibrant mix of office, residential, retail, and structured parking, all integrated within the walkable heart of the city.

Unlike the high-density push seen in Miami, Delray is taking a more curated approach. Downtown continues to attract a steady stream of foot traffic, entrepreneurs, and residents drawn to its human-scale development and small-business-friendly environment. This measured strategy positions Delray Beach as one of South Florida’s most attractive emerging commercial destinations.

Key Drivers Behind South Florida’s Urban Shift

Several major forces are shaping the evolution of South Florida’s downtown real estate landscape. Transit-oriented development continues to be a major catalyst for growth, particularly around Brightline stations in Miami, Fort Lauderdale, and Boca Raton. These areas have seen significant appreciation—home sales near Miami’s station, for example, rose 32%, while property values surged 131% since 2018. At the same time, Miami’s construction boom remains heavily weighted toward luxury residential inventory, shifting the downtown demographic and creating ripple effects across retail, hospitality, and office sectors. Meanwhile, Fort Lauderdale is embracing a more measured development pace, focusing on aligning future growth with infrastructure investments like the PREMO Light Rail initiative. Together, these trends reflect a region in transition—one that rewards thoughtful, localized strategy.

How Cohen Commercial Delivers Value

Cohen Commercial brings unmatched insight into South Florida’s most complex and competitive real estate environments. Whether it’s supporting lease-up strategies in Delray Beach, structuring transit-oriented investments in Miami, or helping businesses secure strategic downtown locations in Fort Lauderdale, we deliver tailored, informed solutions.

South Florida’s downtowns are no longer just growing—they’re evolving. Understanding how to succeed in these environments means understanding how infrastructure, population movement, and business incentives intersect. That’s where we come in.

Sources:

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Boca Raton’s Times Square Billboard: A Commercial Real Estate Play

On July 24, 2025, the Sun Sentinel reported that the City of Boca Raton launched a $70,000 digital billboard campaign in the heart of Times Square, New York. The aim? To attract businesses and executives weary of the Northeast’s high taxes, cold winters, and dense urban grind. From a commercial real estate perspective, this isn’t just a flashy marketing stunt—it’s a calculated investment in demand generation and long-term value creation.

By placing the advertisement squarely in front of thousands of daily decision-makers in Times Square, Boca is targeting the very audience that might be exploring secondary offices, satellite hubs, or full-scale relocations. The messaging aligns with current post-pandemic trends: companies are reconsidering their urban footprints and increasingly looking toward the Sun Belt for operational efficiency and talent-friendly climates. This ad positions Boca as a high-quality, accessible, and lifestyle-forward destination that can meet those evolving business needs.

The implications for commercial real estate in Boca Raton are significant. A successful campaign could drive increased demand for office parks, flex industrial space, co-working infrastructure, and even mixed-use development projects. For landlords and developers, this marketing effort serves as a tailwind that can bolster lease negotiations, stabilize occupancy levels, and justify stronger rental terms. Should enough interest convert into tangible relocations, commercial properties in the area could see a marked uptick in leasing velocity and long-term tenant commitments.

The billboard also reflects a broader strategy of economic positioning. By making a visible play in one of the world’s most high-profile advertising corridors, Boca is signaling that it’s open for business—and serious about attracting out-of-state capital. But with that visibility comes responsibility: the city will need to ensure infrastructure keeps pace with potential growth. That includes investments in public transportation, high-speed internet, and workforce housing that can support the growing needs of transplanted firms and their employees.

From a financial standpoint, the $70,000 expenditure represents a small bet with potentially large returns. If even one midsize firm relocates and leases 50,000 to 100,000 square feet of office or industrial space, the tax base and leasing revenue generated could more than compensate for the original outlay. This is classic municipal venture capital at work—small-scale public investment aimed at long-term economic development.

There are also broader implications for Boca’s positioning in the regional competitive landscape. Cities across Florida—including Miami, West Palm Beach, and Fort Lauderdale—are all vying for the same relocating companies. Boca’s campaign helps differentiate it by projecting ambition and forward-thinking in a crowded field. It’s a message not just to New Yorkers, but to other Sun Belt cities as well: Boca Raton is not sitting back—it’s stepping forward.

Going forward, the success of the campaign will depend on measurable outcomes. Are New York-based companies inquiring about site visits? Are brokers fielding new calls tied to the ad? Will Boca’s economic development office share lead data or conversion metrics? These are the questions commercial real estate stakeholders should ask in the coming months. Additionally, if the campaign proves fruitful, the city may scale its marketing push to other regions or refine its messaging to target specific industries like fintech, logistics, or healthcare services.

Ultimately, Boca Raton’s Times Square billboard isn’t just a splashy piece of marketing—it’s a strategic maneuver designed to reframe the city’s role in the national economic conversation. For brokers, developers, investors, and tenants, it’s a signal worth watching. The CRE community should keep a close eye on how this campaign shapes leasing activity, asset values, and urban development over the next year. The success or failure of this initiative could serve as a blueprint—or a cautionary tale—for how smaller markets can use bold, targeted marketing to influence commercial real estate flows in a post-pandemic world.

https://www.sun-sentinel.com/2025/07/24/boca-raton-spent-70000-on-times-square-advertisement-to-lure-new-york-businesses/

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How We Use Buildout to Broker Like a Boss

At Cohen Commercial, we don’t just facilitate transactions—we position properties, build brand value, and broker with intention. In a competitive commercial real estate landscape, speed and consistency matter just as much as the deal itself. That’s where Buildout comes in. It’s more than just a marketing platform—it’s a toolkit that allows us to deliver excellence, stay organized, and present listings in a way that reflects our brand’s caliber. From listing presentations to offering memorandums, Buildout helps us operate with precision and professionalism.

Custom Templates Create Consistency

From the first impression to the final document, consistency is everything. Buildout lets us take default templates and refine them to reflect the exact voice and style of Cohen Commercial. Our cover pages, internal layouts, and data presentations have all been carefully adapted to match our brand standards. This isn’t just about looking good—it’s about building trust. Clients expect a polished experience, and with our templates customized through Showcase+, every single asset we produce reinforces the value and professionalism they can expect from us.

Streamlined Marketing from Listing to Close

Buildout doesn’t just help us create documents—it powers our full marketing engine. As soon as a listing is live, we can generate a fully branded website and deploy targeted email campaigns directly through the platform. There’s no need to juggle multiple tools or designers. Buildout helps us move faster, maintain quality, and keep everything centralized. And when it’s time to share materials with potential buyers or brokers, we can control access at multiple levels, ensuring the right people see the right documents at the right time. That seamless experience helps us move from lead to close with efficiency—and confidence.

A Platform That Tells a Better Story

In commercial real estate, storytelling matters. Buildout enables us to tell compelling, visually rich stories with every listing. Through customized maps, multimedia integrations like aerial drone footage or virtual tours, and on-brand design, our materials don’t just inform—they persuade. Whether it’s an institutional investor reviewing an offering memorandum or a local tenant looking at a property website, the message is clear: we are professionals who know the market, and we know how to position properties to win.

Why We Broker Like Bosses

Buildout gives us the tools to do what we do best—faster, smarter, and with more impact. Our team spends less time formatting and more time closing. Clients get high-quality materials that inspire confidence. And our brand stays strong and consistent, no matter how many listings we’re managing. Buildout doesn’t just support our workflow—it elevates our entire brokerage strategy.

At Cohen Commercial, brokering like a boss means being efficient, consistent, and bold in presentation. Thanks to Buildout, we do all of that—and more—every single day.

https://www.buildout.com/blog-posts/beyond-basic-elevate-your-brand-with-showcase-customization-tools

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Rink to Real Estate: What the Panthers’ Triumph Means for CRE in South Florida

Urban Revitalization & Public Spaces

The Florida Panthers’ Stanley Cup parade on June 22 filled Fort Lauderdale’s streets with jubilant fans and spotlighted the downtown core as a thriving civic and cultural hub. This kind of visibility acts as a catalyst for ongoing urban investment—particularly in parks, plazas, and pedestrian-friendly infrastructure. These enhancements are vital to unlocking the full potential of nearby mixed-use and transit-oriented developments, which thrive on vibrancy and accessibility.

Arena as Economic Anchor

The Amerant Bank Arena in Sunrise, alongside the newly improved IcePlex practice facility, is reshaping Broward County’s commercial real estate landscape. The arena’s lease—extended through at least 2033 with potential to run until 2043—offers investors long-term stability. Meanwhile, ongoing upgrades to the arena, including tech enhancements and luxury suite expansions, are driving over $1 billion in redevelopment. These improvements are turning the venue into more than just a sports destination—it’s becoming a commercial anchor for the surrounding district.

Hospitality Surge & Visitor-Driven Demand

The Panthers’ playoff run, and Stanley Cup celebrations injected over $100 million into the Broward economy. Hotels near the IcePlex saw a 30–40% spike in occupancy during playoff weeks. This influx of visitors signals strong growth potential in hospitality real estate. CRE developers are taking note, with opportunities emerging for boutique hotels, short-term rentals, and food & beverage hubs catering to sports tourism. In addition, retail and entertainment corridors in Fort Lauderdale and Sunrise are poised for further expansion to meet this growing demand.

Ancillary Commercial Growth

The $65 million IcePlex redevelopment, which includes a new community ice rink and training center, is attracting consistent foot traffic—even outside game days. This organic activity is increasing demand for ancillary commercial uses such as restaurants, bars, fitness studios, sports therapy centers, and flexible office spaces. Transit and parking infrastructure are also evolving to support this commercial growth, laying the groundwork for a more interconnected urban ecosystem.

Investment Confidence & Amenity Appeal

With the Panthers poised for another championship run and hosting the NHL Winter Classic in Miami in January 2026, their franchise has become a significant economic driver. Commercial real estate investors now view the team’s presence as a stable, long-term anchor. This is bolstering confidence in amenity-rich placemaking strategies designed to attract tenants and residents seeking live-work-play environments. It also reinforces the model of sports and entertainment-led redevelopment, particularly when supported by public infrastructure investment.

Looking Ahead

The Florida Panthers are no longer just an on-ice powerhouse—they’re a central figure in South Florida’s commercial real estate evolution. With heavy investment surging through Fort Lauderdale and Sunrise, CRE professionals should act now: evaluate opportunity zones near the arena and IcePlex, scout entertainment-anchored parcels, and engage early in entitlement processes. The Panthers’ success isn’t just lifting trophies—it’s raising property values and reshaping the regional CRE map.

https://www.miamiherald.com/sports/nhl/florida-panthers/article309174565.html
https://www.miamiherald.com/sports/nhl/florida-panthers/?utm_source=chatgpt.com
https://profilemiamire.com/miamirealestate/2025/6/9/the-florida-panthers-red-reign-the-search-for-back-to-back-stanley-cup-championships-while-creating-over-100-million-positive-economic-impact-for-broward-county?utm_source=chatgpt.com
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6 Tips To Keep Business Moving After The Snowbirds Leave Florida

With summer approaching many seasonal residents that are from the Northern States are heading back for the warmer months. This can cause a change in the economy for many towns around Florida because of the quiet shift that creates. About 1 million Florida residents spend only part of the year here which is about 5% more than the summer months. Resulting from this drastic population change many local businesses can be affected by the volume of customers they receive in the months of May to October. With restaurant wait times dropping and busy retail centers shifting to a slower pace, business owners must adjust to the migration of the local community members. Here are 6 helpful tips to seasonally adjust as a business owner:

Become a seasonal business or adjust hours for the slower months.

Becoming a seasonal business or adjusting hours during the off-season can be a smart strategy for managing costs and maximizing efficiency. This approach also helps prevent burnout among employees and allows owners to focus on planning, maintenance, or marketing for the upcoming peak season. Ultimately, it keeps the business agile and better prepared to thrive year-round.

Adjust staffing levels or create seasonal-only positions.

Adjusting staffing levels or creating seasonal-only positions is a practical way for businesses to stay flexible and cost-effective during slower months. By scaling the workforce to match seasonal demand, businesses can avoid overstaffing and reduce payroll expenses without sacrificing service quality. This strategy supports smoother operations and ensures the business is staffed appropriately year-round.

Create off-season deals and promotions.

Creating off-season deals and promotions is a great way to keep customers engaged and revenue flowing during slower periods. These special offers can attract new customers, encourage repeat visits, and help move excess inventory. Whether it’s a limited-time discount, bundled service, or loyalty reward, off-season deals can spark interest and maintain momentum until peak season returns.

Take this slower time to focus on other aspects like renovations, preparing for next season, and revamping your website and social media platforms.

The slower season is the perfect time for businesses to shift focus toward internal improvements and future planning. It’s a great opportunity to tackle renovations, update your space, and enhance the customer experience. You can also analyze what sold well during the busy months to better prepare inventory and strategy for the next season. Additionally, use this downtime to refresh your website and social media platforms—keeping your brand current, engaging, and ready to make a strong comeback when business picks up again.

Make your merchandise available online.

If you’re in retail, offering your merchandise online during the off-season can help maintain sales and reach a broader audience beyond your local market. An online store keeps your products accessible 24/7, allowing loyal customers to continue shopping even when foot traffic slows down. It also opens up opportunities for digital marketing, seasonal promotions, and customer engagement through email and social media.

Plan events to create more foot traffic for the locals and vacationers.

Planning events during the off-season is a creative way to boost foot traffic and keep your business top of mind for both locals and any vacationers still in town. Hosting things like pop-up markets, themed nights, workshops, or community gatherings can create excitement and give people a reason to stop by. These events not only drive sales but also strengthen your connection with the community and build brand loyalty, making your business a go-to spot no matter the season.

Source: https://brevardsem.com/brevard-county-businesses-snowbird-season-is-over-now-what/

https://www.floridarealtymarketplace.com/blog/10-surprising-statistics-on-snowbirds-in-florida-for-2023.html
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How Festivals Like the Cajun Crawfish & Music Festival Fuel Commercial Real Estate in Jupiter

On April 5–6, the sounds of Zydeco music and the aroma of authentic Louisiana cuisine filled the air at the Cajun Crawfish & Music Festival, hosted at the Abacoa Town Center Amphitheater in Jupiter, Florida. While the event may be known for its lively entertainment and family-friendly fun, there’s another layer worth noting—its impact on local commercial real estate.

At Cohen Commercial, we pay close attention to events like these. They’re more than just great community gatherings—they’re powerful economic drivers that demonstrate the value of thoughtfully planned retail and mixed-use developments.

Abacoa: A Blueprint for Mixed-Use Success

Abacoa is a perfect example of what happens when real estate development is done right. This master-planned community features a mix of residential, retail, dining, office, and entertainment spaces—all centered around a pedestrian-friendly layout. The Abacoa Amphitheater serves as a central hub, drawing visitors from across Palm Beach County and beyond.

When an event like the Cajun Crawfish & Music Festival takes place, it doesn’t just entertain—it activates the entire surrounding area. Local restaurants and retailers benefit from the increased foot traffic, while nearby office spaces and service-based businesses gain exposure to new clientele. Hotels, parking lots, and even temporary vendor spaces also see a bump in demand.

This kind of energy reinforces the importance of developing commercial real estate that prioritizes accessibility, walkability, and community engagement.

Events as Economic Engines

Festivals like this one offer a glimpse into the future of retail and hospitality leasing. In a time when brick-and-mortar retail is continually evolving, the key to long-term success often lies in experiential destinations—places where people want to spend time, not just money.

From a commercial real estate perspective, events are more than fun—they’re a measurable way to boost economic activity. They help local businesses thrive, encourage repeat visitation, and increase demand for well-positioned commercial space.

It’s also an excellent selling point for prospective tenants. Restaurants and retailers are more likely to lease in locations where traffic is consistent, and where the community plays an active role in supporting local business. The Abacoa area, thanks to events like this, continues to be one of those locations.

Why CRE Professionals Should Be Paying Attention

At Cohen Commercial, we understand the symbiotic relationship between community programming and real estate performance. Whether it’s leasing retail space, planning a redevelopment, or analyzing market trends, we look at the full picture—and events are a key part of that.

As Jupiter grows and evolves, we anticipate continued demand for commercial spaces that offer more than square footage. Community, culture, and connectivity are the new cornerstones of successful development.

If you’re an investor, business owner, or tenant exploring opportunities in the Jupiter area or elsewhere in Palm Beach County, we’re here to help you navigate that growth.

Original article source: Palm Beach Post. “The Cajun Crawfish & Music Festival returns to Jupiter this weekend.” Published April 2, 2025. Read the full article here.

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An Historic Waterfront Gem Reimagined: The Buccaneer Returns to Singer Island

A Landmark Revival with Commercial Real Estate Impact

The recent grand reopening of the Buccaneer Waterfront Bar & Grill on Singer Island marks more than the return of a beloved local restaurant — it’s a key development in the commercial real estate revitalization of Palm Beach County. Closed since 2020, the Buccaneer has been completely reimagined under the ownership of Sharfi Holdings Inc., which purchased the property in 2021. Their investment reflects a growing trend: restoring iconic spaces to bring both historic value and economic vitality back to the community.

Strategic Location: Real Estate Worth Reviving

Situated on the Intracoastal Waterway at 383 Blue Heron Blvd, this site has long held prime value thanks to its waterfront access and location just before the bridge to the beach. The Buccaneer’s transformation taps into the increasing demand for experiential dining in high-traffic tourist and local hotspots. From a real estate standpoint, the property’s revival enhances the surrounding area’s appeal — boosting not only tourism but also increasing the value of neighboring commercial and mixed-use properties.

Preserving History, Creating Value

Sharfi Holdings’ approach blended preservation with modernization. Signature elements of the original 1960s Buccaneer, like the tropical underwater mural and handcrafted wooden bar, have been thoughtfully restored, adding nostalgic charm to the updated space. This kind of mindful redevelopment is a hallmark of successful commercial real estate strategies — honoring the past while appealing to modern tastes, resulting in a differentiated and highly marketable asset.

Star Power: A Culinary Anchor Tenant

A standout feature of the Buccaneer’s rebirth is the hiring of Chef Paul Niedermann, winner of Season 9 of Hell’s Kitchen. His culinary influence not only elevates the guest experience but also serves as a commercial draw, increasing the destination’s viability and visibility. Just as anchor tenants can drive traffic in retail centers, a notable chef can anchor a restaurant’s appeal and drive foot traffic in hospitality-driven properties.

Community Impact and Economic Revitalization

The restaurant’s reopening is already stimulating local economic activity by generating jobs, increasing visitor numbers, and bringing renewed energy to Singer Island. Projects like this demonstrate how hospitality ventures contribute to larger commercial development goals — supporting local employment, encouraging further investment, and enhancing quality of life in the surrounding community.

A Case Study in Smart Redevelopment

From a commercial real estate lens, the Buccaneer is a strong example of adaptive reuse and strategic reinvestment. It shows how historic properties, when revitalized with care and purpose, can become vibrant economic drivers. As Palm Beach County continues to evolve, developments like this will play a critical role in shaping the future of its real estate and hospitality landscape.

Source:
 Adapted from the original article by Liz Balmaseda in the Palm Beach Post titled “Palm Beach County restaurant resurrected with menu by ‘Hell’s Kitchen’ chef” (March 20, 2025).