“Due to large migration during the last three years, the Daytona Seashore market has seen appreciable capital funding from builders. Over 1,200 items have been delivered in 2023 and one other 1,400 are forecasted within the first half of 2024 alone. Whereas the big addition of lease-up offers has impacted general occupancy, stabilized occupancy is holding agency at 92.4%. Favorable macro-economic developments, excessive family incomes, and optimistic web migration to the MSA all encourage confidence that the Daytona Seashore space will stay a stable marketplace for multifamily traders for a few years to come back.”
