Tuesday night’s sold out Market Watch 2016 event was held at the Harborside Event Center with over 1,100 attendees and featured presentations from real estate experts Randy Thibaut, Denny Grimes, and Stan Stouder.
Mr. Thibaut announced a 44% increase over the last year in building permits for Lee, Collier, and Charlotte Counties. Importantly, he reminded attendees that a large portion of the permits were apartment and assisted living units, which have been “white hot” in Southwest Florida lately. In fact, the Lee County apartment market is one of the best in the nation and has increased eight fold from 2014 to 2016, according to Mr. Stouder’s statistics.
Increase in Multi-Family Housing