NYC Vs. WPB Market Analysis

SUMMER 2025

COLUMBIA UNIVERSITY

PROFESSOR(S): SHAWN AMSLER

This market analysis evaluates the development potential of two sites (322 Franklin Avenue in Bedford-Stuyvesant, Brooklyn, and 550 Banyan Boulevard in West Palm Beach, Florida) through neighborhood context, demographics, demand drivers, pricing, transit access, and competitive positioning. In Bed-Stuy, the analysis highlights strong rental demand, limited supply of amenitized mid-scale housing, and the neighborhood’s appeal to young professionals and growing families. In West Palm Beach, it examines a growing downtown market supported by walkability, access to Brightline and Palm Beach International Airport, a balanced demographic profile, and demand for flexible, high-end residential living. Together, the study demonstrates how market research can inform distinct development strategies tailored to different urban contexts.

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