Real estate exec: Troubled condo market will get worse

As new safety rules take effect, Florida’s condominium owners are struggling to adjust to the cost of the mandates, and a bad hurricane season could make things much worse.

  • By Louis Llovio
  • | 2:00 p.m. June 6, 2024
  • | 0 Free Articles Remaining!
Driving down Estero Boulevard, the main road that runs the length of Fort Myers Beach, the widespread destruction that Hurricane Ian wrought is still on full display.
Driving down Estero Boulevard, the main road that runs the length of Fort Myers Beach, the widespread destruction that Hurricane Ian wrought is still on full display.
Photo by Stefania Pifferi
  • Florida
  • Share

There is no doubt about the state of the condominium business in Florida right now. It’s in trouble. Big trouble.

And, if the predictions of a stronger than average hurricane season prove right — or even close to right — it could get much worse.

So says Greg Main-Baillie, a project manager who works with condominium associations shoring up the structure of buildings for the commercial real estate firm Colliers.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 13, 2025
Report: Small business optimism up, but worries percolate
  • December 12, 2025
CEO of Bradenton EDC announces retirement
  • December 12, 2025
Manatee County to break ground on $40M veterans complex
  • December 12, 2025
Moez Limayem confirmed as USF’s new president

Sponsored Content