FLORIDA...AT A GLANCE
LOCAL
PROJECT IN PROFILE
Miami Goes Metropolitan
Metropolitan Miami 2
Orlando
$2,462.2 M
135 properties
Palm Beach
$2,464.0 M
118 properties
Sales Volume
(between Oct. 2009 and Feb. 2010)
Office
$491.5 M
23 properties
Broward
$2,428.1 M
174 properties
Hotel
$111.1 M
11 properties
DATA
POINTS
Distress By City
(as of March 4, 2010)
Tampa
$2,077.5 M
136 properties
Total: $19,908.7 Million
Total Properties: 995
Jacksonville
$860.7 M
81 properties
S W Florida
$1,205.7 M
88 properties
Total Volume:
$2,318 Million
Total Properties:
129
Source: Real Capital Analytics
VIEWPOINTS
Will Florida’s market recover
faster than the rest of the
nation?
“Florida always recovers faster than
most other states because we have a
very dynamic population. There are a
lot of reasons for people to live in
Florida. It is more than sunshine.
We’ve got great educational institutions and great housing that’s gotten
more affordable.”
—Eric Swanson
Flagler
“Some Florida markets are recovering
faster. Some of them didn’t get overbuilt. Just because Florida has had
problems doesn’t mean it will continue
to have these problems forever. People
still want to live and work here.”
—Edgar Jones
Rockefeller Group Development Corp.
“Florida has got to come up with tax
incentives to attract different industries. We’ve got to come up with an
employment makeup that’s not heavily reliant on service and real estate
construction. These issues don’t paint
a rosy glass-half-full vision for the
near future.”
—Jack McCabe
McCabe Research & Consulting
