Most real estate professionals are now aware that the federal Opportunity Zone tax incentive program became effective in 2018 and that Qualified Opportunity Zones are located in all 50 states and Puerto Rico.
In Southern Florida, in Miami-Dade County, areas such as Coral Gables, South Miami, Hialeah and Wynwood will likely be hot spots for Opportunity Zone investment given their access to road systems and water. In Broward County, parts of Pompano Beach, Plantation, Fort Lauderdale and Hollywood are likely to see investment interest given their access to existing highways and rail systems already in place.
To read the full text of this article by Duane Morris partners Jay Steinman, William D. Rohrer and Brad Molotsky, please visit the Commercial Property Executive website.