Wednesday’s Daily Pulse – Trend in Florida

South Florida home prices continue to soar by double digits despite higher interest rates

The Miami Association of Realtors reports that prices for single-family homes and condominiums in Broward and Miami-Dade counties rose 10% to 20% last month from October 2021. This is out of reach for most of the middle class. The continued rise in prices comes even as high levels of inventory and availability push back overall annual home sales for the region. Higher interest rates *mdash; currently at a level more than double that of last year – have also failed to curb skyrocketing rates. [Source: Miami Herald]

FEMA extends deadline for Hurricane Ian relief

The federal agency is responding to a request from the state of Florida to extend the deadline for disbursing emergency and recovery funds in 26 counties. So far, FEMA says it has provided $752 million for nearly 353,000 households in the state. People whose homes, businesses and lives have been disrupted by Hurricane Ian now have until mid-January to seek help from FEMA. Both homeowners and renters are eligible for assistance in the following counties: Brevard, Charlotte, Collier, DeSoto, Flagler, Glades, Hardee, Hendry, Highlands, Hillsborough, Lake, Lee, Manatee, Monroe, Okeechobee, Orange, Osceola, Palm Beach , Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns and Volusia. [Source: WUSF]

Exclusive Florida Trend
Ybor City’s Gas Worx project plans to develop residential, retail and office space on the former Peoples Gas site

In recent years, much of the redevelopment focus of downtown Tampa has been on Water Street, the $3.5 billion, 70-acre mixed-use project from Strategic Property Partners, a collaboration between Tampa’s Jeff Vinik and Bill’s Cascade Investment. Gates. Now, less than two miles away in Ybor City, another major project is in the works: Gas Worx, from Tampa real estate investor Darryl Shaw and Washington, DC-based real estate developer Kettler. [Source: Florida Trend]

Florida has one of the worst updated COVID-19 booster rates in the country

According to the latest data from the Centers for Disease Control and Prevention, Florida has the fourth lowest rate in the country for adults receiving the updated COVID-19 booster shot. Rates for children and teens are also well below the national average. As of Nov. 16, just over 20% of seniors in Florida had received a bivalent booster shot from Pfizer or Moderna, which was first approved by the U.S. Food and Drug Administration in late August. Nearly 30% of the total U.S. population has received one to date, and only Louisiana, Mississippi, and Alabama have lower rates than Florida. Georgia just borders the state, but is essentially level with it. [Source: WUSF]

Non-profit organization brings holiday cheer to children’s hospitals. Here’s how to donate in Florida

The Greyson Project is giving Santa a run for his money by helping deliver sacks of Christmas decorations to children’s hospitals across the country. It’s a project with a mission to “bring joy to children and their families spending the holidays in hospitals across the country,” according to the nonprofit’s website. [Source: WKMG]

Trend entry

Name imageBest companies to work for in Florida

Is your company a great place to work? There’s still time to find out how your business is doing. Register for this free program sponsored by Florida’s most influential business publication. The top 100 best companies to work for in Florida will be recognized in Florida Trend’s August 2023 blockbuster. Register on before February 17, 2023.


› How some Southwest Florida entrepreneurs are recovering almost two months after Hurricane Ian
After Hurricane Ian hit southwest Florida in late September, Zac “Captain” Varner had to wait seven days to see if his company, Peace River Charters, was swallowed by the storm. Rain and wind from Hurricane Ian caused record-breaking flooding along the Peace River, flooding all six buildings at his headquarters in Arcadia. “Complete devastation,” he said. “Because my business is made up of so many components, it naturally took a lot of thinking and planning where to start first.”

› FIU Receives $10 Million Donation for Journalism and Media Program
The program, part of FIU’s College of Communication, Architecture + The Arts (CARTA), will now be known as the Lee Caplin School of Journalism & Media. The donation will fund educators and professional staff, the South Florida Media Network news bureaus, new equipment and technology, capital improvements, and grants.

› Miami-based Doroni Aerospace is developing a flying eVTOL car
Miami-based electric vehicle takeoff and landing (eVTOL) company Doroni Aerospace is developing a flying eVTOL car. The company says the battery-powered vehicle will have four legs, 10 independent propulsion systems, room for two passengers and be capable of speeds of up to 140 mph.

› Locally made film ‘Home for Thanksgiving’ conjures hope after loss
Bouncy Boxer Media, a woman-owned production company, is bringing its new movie, which was shot in Tampa and Lakeland, to the big screen later this month.

Turn to page 2 for more stories…

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