Port St. Lucie Metropolitan Statistical Area grows by 3% in 2007
Friday, March 28th, 2008Good news from the US Census Bureau according to the Palm Beach Post this week. The Port St. Lucie Metropolitan Statistical Area which is comprised of St. Lucie and Martin Counties on the east coast of Florida, has surpassed the 400,000 mark making it the 23rd fastest growing region in the country. This 3% increase came despite a down market with fewer sales and falling values.
According to the article in the Palm Beach Post on March 27th, economists say this is an indication that the area, particulary Port St. Lucie is more recession proof than other areas of South Florida and the nation. According to Hank Fishkind, noted Florida economist, “Along I-95 Port St. Lucie is going to be the next major urban node on the east coast of Florida.”
The Tradition community is proving to be a wonderful addition to the area with beautiful family homes and townhouses, shopping, restaurants, a new school and much more. There is 12 million sqauare feet of commercial and office space and 50,000 homes permitted and ready for construction which will bring an uptick in the economy as early as 2009, according to Fishkind.
Three biotech clusters are moving to Tradition and the city and developers have commitments to build roads. interchanges and drainage in Tradition making it one of the most attractive communiites along the nation’s east coast for industry and families.
If you’re thinking of moving to Florida, it’s a great time to get in on the growth of Port St. Lucie while prices and interest rates are still low.
