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.

HB 913 brings another round of significant changes to the Condominium Act, with new regulations also affecting property managers, milestone inspections, and cooperative associations. Read our breakdown of the key updates taking effect July 1, 2025, and how they will impact stakeholders throughout Fl...