Florida apartment shortage

Growing problem in the Sunshine State

Rocked by the condominium conversion craze and minimal new development, Florida is experiencing a growing apartment shortage statewide, a National Apartment Association executive said Friday.

"It's going to be a big problem," said Dave Watkins, the association's treasurer and a regional vice president for Greystar Management Services Inc., one of the county's largest apartment-property managers.

Apartment shortages on state's horizon [Orlando Sentinel]