Atlantic Beach on track to secure first high rise in their history. How did we get here? - myrtlebeachonline.com
Summary
This article discusses the potential for the first high-rise building in Atlantic Beach, SC. While not directly about STRs, it highlights potential market changes in a specific location that could impact the local STR landscape, including development and potentially increased competition.
Key Insights
- •The article focuses on local real estate development. The addition of a high-rise could potentially affect the existing housing stock, including short-term rentals.
Action Items
- ✓Hosts in the Atlantic Beach area should monitor local news and zoning changes, as new developments can affect property values and rental demand.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to stay informed about zoning changes and development can lead to unexpected competition, decreased property values, and changes in the types of allowed rentals (e.g., permanent vs. short-term).
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