South Beach is a popular neighborhood in Miami. It is filled with tons of nightlife, beaches and good times. It boasts art deco architecture and lots of amenities worthy of any vacation. Additionally, the area also has a prime real estate market, with investors choosing to buy property in this district to boost their portfolio.
This is exactly the case with an 8,300-square-foot building in the area's fashion ward. The structure houses the luxury retailer Guess and sold for $12.5 million, according to the South Florida Business Journal.
"The building is a trophy retail asset located in the heart of the Collins Avenue fashion district," Drew Kristol, broker of the deal and a vice president of investments at Marcus & Millichap, told the source. "Guess has occupied the property since 1998, and over the years has re-invested into their build-out. The new owner is an excellent position to capitalize on the below market in-place rental structure."
Another commercial retail property in South Beach is up for sale. It's a mix-use building located on a 1/2 acre of land. Numerous stores call this place home, including IZOD, Williams-Sonoma, H&M and Gap.
As Miami continues to be a strong player in the real-estate industry, new structures and sales of existing units mean an influx of new companies, commercial and otherwise. Most places need proper furniture to support the workforce. Furnishing an office space may seem like a simple task, yet the most successful entities put lots of thought into the design of the office and business furniture choices.
Retail establishments have various uses for office equipment. Each store has an administrative component where managers need to complete payroll, scheduling, floor sets and other supporting work. Many times this space is cramped because the best real estate is left for the sales floor. So it is important to use this area wisely.
If there is a tight corner, fill it with a desk in the same shape. If you have an open space, use contemporary workstations made of long desks with individual working stations for each employee. Furnish private offices with traditional furniture that comes with matching storage. These wooden desks offer a quality working surface and are perfect to meet with interviewees and other business professionals.
Want to create a comfortable, collaborative work environment? Visit the Office Furniture Warehouse website to complete your office landscape.