In an article titled “Why the Commercial Real Estate Outlook Remains Sunny,” the South Florida Legal Guide interviewed several South Florida real estate attorneys about the area’s commercial real estate market and its ability to continue its decade-long recovery from the Great Recession.
Art Menor, Managing Partner of the West Palm Beach office of Shutts & Bowen and Chairman of the firm’s Real Estate Leasing Practice Group, described the office market in West Palm Beach, stating that many Class A office towers are nearly fully leased. Because of limited availability, rents have moved up in the area and are the highest in Florida.
“There are a number of new projects on the drawing board, but it will take some time before they come online,” he said.
About Arthur J. Menor
Arthur J. Menor is the Managing Partner of the West Palm Beach office of Shutts & Bowen LLP, and Chairman of the Real Estate Leasing Practice Group. A nationally recognized real estate lawyer, Art has over 38 years of experience in all facets of commercial real estate, focusing on commercial leasing and the acquisition and disposition of commercial real estate. He advises landlords and tenants in various aspects of the leasing process and also counsels developers, investors, and lenders. As a seasoned veteran, Art has worked on real estate projects of all sizes and has mastered his craft in improving the lease drafting and negotiation processes, including using technology to build and customize high-quality leasing documents in a cost-effective manner.