• July 26, 2021

Florida real estate is going to be a billion dollar industry

In a world where real estate companies rake in billions of dollars a year, there’s been a lot of attention paid to the potential for growth in the real estate sector.

In particular, many analysts have predicted that Florida’s real estate market will soon surpass that of Texas, with a market worth $1.2 billion in 2020.

However, in a new study published in the International Journal of Real Estate Management, researchers at the University of Florida are estimating that Florida will only have a revenue of $943 million for the year 2020.

That’s not much of a return on investment, but it’s not the biggest one either. 

In a nutshell, the researchers from the University at Albany’s Center for Real Estate Research looked at Florida’s property-tax revenue for the last five years and found that it’s actually quite low, at $10 million.

That compares to the $22 million that Texas generated in that same time frame.

This is in line with other recent studies, which have also found Florida to be quite low in terms of its revenue.

And in a way, Florida has been quite successful at growing its real estate industry. 

However, as the study’s authors note, Florida is far from the only state that has struggled with the state’s real-estate market.

According to a recent report by the University in Washington’s Center on the Study of Cities and Towns, California’s economy is expected to be worth $4.9 trillion by 2027, and it will account for roughly 35% of the world’s GDP by that time.

That means that in Florida, a lot more than half of the population would not make it into the middle class by 2032. 

The authors also noted that Florida, unlike Texas, has not been able to significantly reduce the amount of land it is acquiring.

They say that Florida is actually “a net land exporter” by this measure, with its land holdings adding up to more than twice the size of Texas’ population. 

While Florida’s population has grown by 4.4% since 2006, it has seen an increase in its land-use and urban growth. 

According to the study, Florida’s overall land-value growth has been about the same since 2000.

In that time, the state has added about 2.3 million homes to its real-area land, or about 2% of its land area.

Florida’s urban growth has grown about 6.2% since 2000, but this growth has accounted for about 7% of Florida’s total land-valued growth since then. 

Given that Florida has so much land, the authors suggest that Florida could easily be able to grow its land values in the future, which would likely be a positive development for the state. 

Despite all of the concerns about the state of Florida, the study notes that it is still “well below” the national average. 

Overall, the results are encouraging for Florida.

But the authors note that while it is good news that Florida continues to have a growing real estate population, the research team does note that the state still has some work to do to meet its ambitious growth targets. 

“The state’s land-counts are growing at a rate comparable to California’s and New York’s, and land-density has yet to fully capture its economic potential.

The state must accelerate the growth of its real land-based economy by addressing these fundamental challenges,” they write. 

Follow the author on Twitter: @gscflynn

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