Month: July 2023
Brightline, originally known as All Aboard Florida, is a fast-speed passenger rail service developed by a company that traces its roots to industrialist Henry Flagler, who built a pioneering railway along Florida’s eastern coast more than a century ago. Now it appears the new railroad is giving a lift to not only increasing numbers of [...]
Roughly a century ago, as car ownership boomed and the automobile reshaped America, cities discovered they had a problem. Where to park all the cars? “American cities are faced with an extreme shortage of automobile parking spaces,” bemoaned a 1952 U.S. traffic engineering study entitled “Zoning and Traffic.” Happily, the authors reported, cities had found [...]
After a long and steady period of robust growth following the Great Financial Crisis in 2008, the U.S. housing market is searching for a new identity. A whirlwind of economic events spurred by fast-changing U.S. monetary policy, war in Ukraine and sharply rising inflation has jolted the housing market. As the supply of houses has [...]
Business sectors use many terms to describe a situation that suddenly gets tough for consumers. It’s a “seller’s market” in real estate and a “bear market” on Wall Street. In the insurance industry, it’s called a “hard market.” But Florida businesses hunting for coverage these days may use even starker terms — like harsh or [...]
For those working in real estate, it can seem as though each state’s housing market operates independently, disconnected from other markets and even the national economy. After all, everyone knows that real estate is a local market, and its three most important features are “location,” “location” and “location.” Today’s housing market seems the perfect example [...]
While not outrageously positive, the mood of Florida consumers has rebounded from a trough last summer when a spike in inflation rocked the economy, according to the most recent surveys from the University of Florida’s Bureau of Economic and Business Research (BEBR). The economic outlook of Floridians increased in May to an index of 68.8, [...]
The map shows the change in cumulative just value[1] of residential and commercial property by ZIP code from 2013-2022. Doesn’t include vacant land. Some ZIP codes omitted because of missing data. Values in Walton County’s 32459 tripled to $17 billion Values in Liberty County, which includes two ZIP codes, totaled $187 million in 2022 — [...]
Completed in the summer of 2022, Odyssey by Solutra in Fort Myers is the first of eight build-to-rent communities financed by Halstatt Real Estate Partners to meet a growing demand for detached rental units. Danville Leadbetter of Naples-based Soltura Development, Halstatt’s partner, said it’s taken some time to learn how to market these small rental [...]
On May 8, 1923, the Florida Legislature created Collier County in honor of Barron Gift Collier Sr., who had amassed over 1 million acres in Southwest Florida and funded the construction of the Tamiami Trail to connect Tampa with Miami. Now 100 years later, his great granddaughter, Katie Sproul, is quietly carving her own path [...]
If Florida’s real estate industry is the weather, then our Bergstrom Real Estate Center survey is the local forecast. And while the newest forecast isn’t exactly sunny, the skies aren’t dark and there’s even some sun peeking out of the clouds. In the latest survey of advisory board members, nearly two-thirds of the respondents gauged [...]
The Alfred A. Ring Distinguished Speaker Series brings real estate leaders to campus to speak with UF real estate students and faculty. Brian Gale started his real estate career by going in the side door: he sold a copy machine to CBRE. Gale’s persistent salesmanship impressed the folks at the giant commercial real estate firm [...]