Residential Sector

Rep. Brian Mast (R-FL) visited the Ocean Breeze Resort located in Jensen Beach, FL, which is owned and operated by Sun Communities, Inc. During his visit, Rep. Mast, a member of the House Foreign Affairs and Transportation & Infrastructure committees, learned about Sun Communities' activities in Florida and 28 other states.

The apartment market led the way among commercial property markets in the third quarter, as robust demand pushed down the national vacancy rate and supported rent growth.

Commercial property prices have risen steadily since the beginning of the recovery from the Great Financial Crisis. Continued price gains, however, at some point begin to raise warning flags.