Palm Beach County Overview

Situated along the southeastern coast of Florida, Palm Beach County encompasses 47 miles of Atlantic coastline with extraordinary beaches and numerous golf courses that draw tourists and residents.

The county is Florida’s third-most populous, with nearly 1.5 million people, and it is expected to add more than 41,000 citizens through 2025.

West Palm Beach is the largest city, with 108,000 people. Other prominent municipalities include Boca Raton, Boynton Beach, and Delray Beach. The northern portion of Everglades National Park is located within the metro.

Palm Beach County, home to more than 2,400 financial services firms, is experiencing significant financial sector growth as major companies – including Goldman Sachs – are opening offices in the Palm Beaches.

Dozens of financial firms recently relocated to or opened new offices in, Palm Beach County, which boasts a growing high-net-worth population, attractive commercial real estate, and pro-business government leaders,  according to the Business Development Board of Palm Beach County, a not-for-profit corporation working to attract and retain business investment in the county.

Palm Beach County’s financial sector currently employs approximately 33,000 people and salaries average in the $80,000 range. The influx of new firms is expected to bring thousands of high-income jobs to the county.

Palm Beach is one of the top markets for rent growth in 2021 and is expected to outperform in 2022.

Jacksonville Overview

One of the nation’s most resilient and desirable multi-family markets. Jacksonville is the largest and the most populous city in Florida and the thirteenth most populous in the United States. Jacksonville is located in the Coast region of northeast Florida. It is centered on the banks of the St. Johns River, about 25 miles south of the Florida/Georgia border and approximately 340 miles north of Miami.

Jacksonville has a diverse economic base and is expanding at a rapid pace. Bloomberg Wealth recently listed Jacksonville, Florida, as one of the top 10 cities for population growth in 2020. The city economy is balanced among distribution, biomedical technology, finance, information services, manufacturing, and other industries. The city is a transportation hub, with a deep-water port that ranks with New York as the nation’s top two vehicle handling ports. The United States Navy is a major contributor to Jacksonville’s economy and workforce. The area’s four navy bases employ more than 56,000 and have a combined annual payroll of $1.59 billion. Bloomberg reports that over 19,000 employees of the world’s top Wall Street Firms – such as Bank of America, Citigroup, JP Morgan Chase, and Wells Fargo – have a presence in Jacksonville. Jacksonville is also home to one of only three Mayo clinics in the country. Numerous universities, colleges, and community colleges in the area contribute to a skilled workforce. 

The region boasts a lower-than-average commute time, low cost of living, lack of state income taxes, picturesque river, professional sports year-round sunshine, and beach access – making Jacksonville an outstanding real estate investment market.

Jacksonville Overview

One of the nation’s most resilient and desirable multi-family markets. Jacksonville is the largest and the most populous city in Florida and the thirteenth most populous in the United States. Jacksonville is located in the Coast region of northeast Florida. It is centered on the banks of the St. Johns River, about 25 miles south of the Florida/Georgia border and approximately 340 miles north of Miami.

Jacksonville has a diverse economic base and is expanding at a rapid pace. Bloomberg Wealth recently listed Jacksonville, Florida, as one of the top 10 cities for population growth in 2020. The city economy is balanced among distribution, biomedical technology, finance, information services, manufacturing, and other industries. The city is a transportation hub, with a deep-water port that ranks with New York as the nation’s top two vehicle handling ports. The United States Navy is a major contributor to Jacksonville’s economy and workforce. The area’s four navy bases employ more than 56,000 and have a combined annual payroll of $1.59 billion. Bloomberg reports that over 19,000 employees of the world’s top Wall Street Firms – such as Bank of America, Citigroup, JP Morgan Chase, and Wells Fargo – have a presence in Jacksonville. Jacksonville is also home to one of only three Mayo clinics in the country. Numerous universities, colleges, and community colleges in the area contribute to a skilled workforce.

The region boasts a lower-than-average commute time, low cost of living, lack of state income taxes, picturesque river, professional sports year-round sunshine, and beach access – making Jacksonville an outstanding real estate investment market.

Fort Lauderdale Market Overview

One of the nation’s most resilient and popular multi-family markets, Fort Lauderdale Metropolis currently populates nearly 2M people and adding annually 24,000 residents per year. The rental market is performing robustly since 2012, with average annual rent growth of 5% and occupancy rates of about 96% percent during the period.

Fort Lauderdale benefits significantly from its location along the Atlantic coast. Fort Lauderdale Port, Port Everglades, had in 2018 a total annual economic impact of $33.9 billion, including 7,300 jobs. During the past two decades, the port has contributed to significant job growth in the professional and business services and the transportation and utilities sectors. Fort Lauderdale also benefits from tourism associated with Everglades National Park. Everglades is the third-largest national park in the contiguous United States, and on average, one million people visit the park each year. In addition, the city of Fort Lauderdale is known as “the Yachting Capital of the World” for its hundreds of miles of inland waterways and tens of thousands of registered yachts.

The warm climate and lack of state income taxes have made the area an increasingly popular destination for companies, families, and retirees, particularly those relocating from the relatively expensive housing markets in the northeastern parts of the country – making Fort Lauderdale an excellent investment market.

Margate Overview

Margate, a city with a population of around 60,000, is part of the Miami metropolitan area, located approximately 35 miles north of Miami. One of the nation’s most attractive real estate markets, the Miami metropolitan area is the most populous in Florida and second largest in the southeastern United States. Between 2017 and 2018, the Margate median property value increased from $157,400 to $172,900, a 9.85% increase.

Margate has a diverse economic base and is expanding at a rapid pace. From 2017 to 2018, employment in Margate, FL grew at a rate of 3.33%, from 29.1k employees to 30.1k employees. The city economy is balanced Office & Administrative, sales, and management occupations. The most common employment sectors for those who live in Margate, FL, are Retail Trade, Health Care & Social Assistance, and Accommodation & Food Services.

The region boasts a lower-than-average commute time, low cost of living, lack of state income taxes, skilled and stable blue-collar workforce, year-round sunshine– making Margate a tremendous real estate investment market.