Florida Trend Real Estate

Florida’s real estate market continues to thrive, with a strong surge in commercial activity fueled by the migration of finance and tech executives, particularly in areas like West Palm Beach where retail occupancy rates are hitting record highs. The state’s property insurance sector is also expanding with the approval of two new insurers—Incline National Insurance Company and Florida Insurance and Reinsurance Company—aiming to stabilize coverage options, especially for condos. Meanwhile, the ultra-luxury housing market remains robust, with demand and prices climbing steadily. At the same time, micro-housing units between 300 and 400 square feet are growing in popularity as affordable, transit-accessible options. In Palm Beach, experts noted a more than 200% rise in luxury home prices since 2015, now averaging $4.1 million, reflecting the region’s booming upscale market. For more information click here.