Category: commercial real estate
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Florida Governor Signs Beefed Up Live Local Act
Legislation Takes Immediate Effect, Now Includes Condos, Some Neighborhood Protections Florida Gov. Ron DeSantis has signed a bill that amends the state’s Live Local Act that passed last year with clarifications around density, height and zoning requirements. (Getty Images) By Joshua…
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Stocks’ recent win streak
Last week stocks made their longest weekly gain since February with the Dow closing above 40,000, a fresh new record, and the S&P 500 hitting 5,300. Strong first quarter earnings and early signs that inflation is cooling have sent stocks…
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When you build “luxury” new apartments in big numbers, the influx of supply puts downward pressure on rents at all price points — even in the lowest-priced Class C rentals.
“In Florida — which continues to make itself a supply magnet with strong demand + the boost from the new Live Local legislation — three markets (Fort Myers, Sarasota, Daytona Beach) are seeing Class C rent cuts around 10-12%. “…
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In 2024, Multifamily completions are outpacing new starts at the largest levels since 1975.
This research and article comes from Jay Parsons, Rental Housing Economist (Apartments, SFR), Speaker and Author. <— Click on link to see other articles and research from Jay. So far here in 2024, U.S. multifamily completions are outpacing new starts…
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Tampa Retail Real Estate Market Report
Article via Bounat.com – Click Here for complete story and others similar to it. The commercial real estate brokers at Bounat work diligently to compile a comprehensive list of the top commercial real estate activity in the Florida region on…
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Home sales drop
via Titan Funds Home sales for previously owned homes dropped 4.3% in March, and sales were 3.7% lower year over year. Although inventory improved significantly during the month, less people are buying homes due to increasing mortgage rates. All-cash purchases…
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Norway has all the cheddah.
written by William Coulman, David Crowther via sherwood news.com Norway’s nest egg The value of Norway’s sovereign wealth fund rose 6.3% last quarter, adding a whopping $110 billion to the country’s stockpile despite technically falling just shy of its target benchmark return. What started as the Norwegian government’s rainy…
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Affordable housing proposed for Lakewood Ranch area
If approved, the 66-unit rental townhome project will be located on Lorraine Road next to Savanna at Lakewood Ranch. Development is nothing new to the Lakewood Ranch area, but a development that includes affordable housing units is now on the…
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