Big news is shaking up Florida’s real estate market. With the passage of House Bill 7031, the state is officially eliminating the sales tax on commercial lease payments, effective October 1, 2025.

This is a game-changing shift for property owners, investors, and businesses across Florida.

What Does This Mean for You?

• For Tenants: Lower occupancy costs. Without sales tax added to your lease, you’ll save thousands annually — whether leasing an office, retail store, or industrial space. This makes Florida an even more attractive destination for companies of all sizes.

• For Landlords: A powerful incentive to attract and retain tenants. Eliminating the tax makes your space more competitive compared to states where leasing still carries extra costs. It also means updating your accounting and lease agreements to reflect the change.

• For Investors: Florida just became more appealing than ever. Lower operating expenses boost demand, strengthen returns, and drive growth in commercial real estate.

What’s Not Included?

It’s important to note that certain rentals will remain taxable, such as:

• Short-term residential rentals (less than 6 months)

• Parking facilities

• Boat slips and docking

• Aircraft hangars

• Leases of tangible personal property

Why It Matters Now

This repeal not only reduces costs but also positions Florida as one of the most business-friendly states in the nation, encouraging growth, relocations, and fresh investment opportunities.

If you’ve been considering buying, selling, or leasing commercial property, this is the moment to prepare — because the landscape will shift dramatically starting in October 2025.

📞 Want to know how this new law impacts your property or investment plans? Call me today at 561-325-0012 to discuss your best strategy in Florida’s evolving market.