Friday, February 20, 2015

Coming to Lake Worth for the Street Painting Festival? Looking to open a business? Consider this: Delray Beach vs. Lake Worth

A reader of my blog sent me this about commercial real estate in our little City. A Lake Worth realtor, Charles Andrews, wrote this in the Tribune about commercial real estate in Lake Worth versus Delray Beach:
     When it comes to real estate, Delray Beach has already experienced its large upside and gains. Lake Worth is poised for better upside than Delray Beach. In short—Lake Worth has better deals.
     Commercial space goes for $55 a square foot on Atlantic Avenue in downtown Delray. You have to sell a lot of ice cream, hot dogs or smoothies to stay in business at that rate. This has pushed out the majority of mom and pop stores. I even heard that they may not renew the lease for the local diner "The Green Owl." Come on. That eradicates all the charm.
     In Lake Worth, commercial space on Lake Avenue goes for about $15-$25 a square foot, according to local commercial broker Bob D'Arinzo. I just got a call from a Mediterranean restaurant that wants to open up their second location in Lake Worth because it's affordable. And Lake Avenue has a vibe that businesses are excited to get a taste of
There you have it. Whether you're looking for an apartment, condo, townhome, or home, looking for a business location? Lake Worth, Florida, is the place to be.

Thank you, Charles Andrews, for doing your part to make our little City of Lake Worth achieve its potential.

Viva Lake Worth!!!!