High demand, higher rents fuel apartment growth

DAYTONA BEACH — With Volusia and Flagler county populations on the rise and the availability of existing homes for sale at near-record lows, apartment developers are helping meet the local housing demand.

Apartment developers have more than 1,600 local units under construction or planned, according to city and county planning offices. That’s on top of more than 850 apartment units completed since the start of
“Rising rents and occupancy rates are two drivers,” said David McDaniel, president of Lake Mary-based Integra Land Co., which is building Integra Sands, a 264-unit luxury apartment complex near the intersection of Williamson and LPGA boulevards in Daytona Beach. “The rental community is still very positive, but it might be slowing.”

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