Real estate: South Florida business tenants benefit from troubled commercial real estate market
Venerable law firm Proskauer Rose is getting new digs. Sort of.
The 134-year-old firm, in Palm Beach County since 1977, recently announced plans to stay at One Boca Place in Boca Raton. It’ll expand into larger offices and consolidate on one floor late next year. Partner Andy Robins wouldn’t disclose terms but did say they were favorable.
“Did our lease get better? Yes,” Robins said.
Proskauer Rose is one of many South Florida businesses taking advantage of the commercial real estate market’s decline to renegotiate leases or to find better deals elsewhere.