More Apartment Complexes Going Up in Panama City Beach

Florida

2022/12/09

It seems like there are constantly new apartment complexes going up in Panama City Beach. This is being driven by inventory because houses are being sold as prices have gone up.The avg price for a 2-bedroom apartment in PCB is just over $2K, ↑ 10% yearly.Before Hurricane Michael hit, ~66% of the market were rentals, while now it is ~33%.