ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%

How does the Live Local Act affect office building owners specifically?

The Florida Live Local Act creates an entirely new exit path for owners of Class B/C office buildings in commercial zones that have no realistic re-tenanting thesis at current market rents. Under the Act, any commercially-zoned parcel can host by-right residential development without rezoning, provided 40% of units target households at or below 120% of Area Median Income. The Act's density matching provision allows projects to match the density and height of the tallest residential building within 1 mile — which in most suburban commercial corridors is a meaningful unlock. For an office building owner considering their options, the Live Local Act calculus is: (1) does the land under my building have residential value at by-right density? (2) is the demolition cost and entitlement cost lower than the conversion cost? (3) what does the land sell for to a residential developer at the by-right density vs what I can achieve repositioning as office? In most Airport and University corridor locations in 2026, the answer favors residential developer land sales over office repositioning. The 2025 amendments (HB 1239/SB 328) strengthened the Act's enforceability by capping local government review at 120 days and streamlining appeals.