Actual property, progress and improvement are the true financial drivers
As somebody who was born and raised in southern Florida — Martin County, to be actual — within the Nineteen Sixties, then working in Palm Seaside County because the mid-Eighties, I’ve witnessed the ability and alter of Florida’s undisputed No. 1 trade: actual property improvement.
Sure, tourism is big right here. Henry Flagler’s legacy lives on. Agriculture continues to be a money crop. Irrespective of how a lot it continues to shrink in dimension. However actual property improvement stays the undisputed king in a state that provides some 900 residents a day.
To make sure, these inhabitants progress figures create demand for eating, leisure, colleges, healthcare and extra. However individuals should first have someplace to stay. And that is what primarily drives our financial system.
That is additionally why The Palm Seaside Put up (and the Palm Seaside Every day Information) are inclined to dedicate a lot of our personal actual property — each in print and on-line — to protecting the trade. As a result of we perceive that actual property, progress and improvement not solely drive our financial system, however subscriber curiosity.
Who would not wish to know what’s being permitted, or denied to constructed on this county. And sure, the nearer it’s to the doorstep, the larger the curiosity. Want I even say NIMBY (Not In My Yard) right here? Then there’s the irritating, ever-increasing price of shopping for or renting a spot to stay on this county.
Simply final week, the Put up reported on a deliberate facelift for a slice of an “Outdated Jupiter” enterprise district. We lined the most recent in mega-homebuilder GL Properties’ controversial push to swap land in north county for extra marketable land within the Agricultural Reserve. With that, we famous how a state program to guard farmers is disappearing as quick their farmland. And as soon as once more, we famous the continued frustration of native Realtors — and potential homebuyers — coping with a dearth of stock in a scorching housing market.
To make sure, actual property improvement shouldn’t be all we do, as you’ll be able to see within the checklist of tales under from final week. However we’ll doing extra on the subject in coming weeks and months as we ramp up our protection.
We do that on daily basis, with the assist of our subscribers. Put up reporters and photographers are at all times on the market trying, protecting, questioning.
I hope you take pleasure in and proceed to assist native journalism. We’re grateful, and we’ll make extra.
And sure, you’ll be able to inform a pal.
You possibly can at all times attain out to me at [email protected] and discover me on Twitter at @rchristiepbp. Or ship in a information tip to [email protected] Subscribe to unbiased reporting that helps democracy by way of subscribe.palmbeachpost.com.
This text initially appeared on Palm Seaside Put up: Actual property, progress, improvement are financial drivers in Palm Seaside County