The Aging Condo Conundrum: Opportunities for Redevelopment

A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums.

In 2022, the Florida legislature passed a series of laws impacting the nearly 1.5 million condominium units throughout the state – along with the 28,000 associations overseeing the properties. These strict policy changes may open the door to a significant rise in condo redevelopment.

Joseph Hernandez moderates a discussion on the forces that are shaping the rapidly expanding luxury condominium market in Palm Beach, as a part of the "Condos! Condos! Condos!— The Innovative, Exciting and Ultra-Luxury Boom" panel at Bisnow's 2025 Palm Beach State of the Market Summit in West ...