Over 93% of multifamily buildings in Palm Beach County were built prior to 1990
Multifamily properties built prior to 1990 make up 93.5% of the total multifamily buildings in Palm Beach County, with the remaining balance of 6.5% built in the decades since.
Multifamily building deliveries (we’ll look at unit deliveries later) peaked in the ‘70s and have steadily declined in the following decades. What are the implications? How has the building size and unit count varied over time?
Welcome to the 49 Units blog. We’ll explore the answers to these questions and many others in future posts. Expect timely, insightful analysis and commentary on such topics as:
Local multifamily sales data, such as price per unit and transaction volume by market/submarket
Insights into multifamily development trends and supply pipeline in Palm Beach County
Where Opportunity Zones and multifamily investment opportunities intersect
“Missing Middle” housing news and commentary