The 2021 land market achieved its strongest performance in nearly a decade, with sales increasing 6% and outpacing other commercial real estate categories, per the REALTORS Land Institute and NAR report.
Development expenses have surged approximately 30% over two years, creating market strain. Florida presents particular challenges due to limited available acreage. BTI Partners’ managing partner notes the firm has “had to look outside this market area for new opportunities for the past decade” as large South Florida tracts have become scarce.
The company targets agricultural properties in growth markets like Tampa, Orlando, and Jacksonville for subdivision development.
