A recently released report claims that in terms of global property market transactions, the South Florida real estate ranks 15th worldwide in the level of commercial real estate deals.

The same report is among the first to track commercial real estate transactions in major metropolitan areas around the world. A total of $1.04 trillion in office, industrial, hotel, retail, land and apartment sales were transacted globally in 2007. A total of 114 metropolitan areas had more than $1 billion worth of commercial property market transactions.

South Florida commercial real estate is seen as one of the most desirable markets, wherein a large number of conglomerates have expressed the desire to invest in Palm Beach County real estate. South Florida’s rising popularity as an international travel, trade and investment haven creates familiarity among foreign real estate investors, the report adds.

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