How does ROGO affect property values?

By Steve Conley

Short Answer

ROGO restrictions limit new supply, which supports property values for existing developed properties. Land with an existing Certificate of Occupancy typically holds greater value than undeveloped land subject to ROGO allocation wait times.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

ROGO is actually the reason Keys property values have remained so strong. By capping new construction, it ensures supply stays limited. Properties with existing COs or grandfathered building rights command a premium because they bypass the allocation wait. I explain this dynamic to every buyer I work with.

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More questions in ROGO & Building Permits

What do I need to know about ROGO before buying land in the Florida Keys? What is ROGO and how does it work? How long does a ROGO allocation take? Can I build on vacant land in the Keys? What is the ROGO tier system? Does an existing home with a CO bypass ROGO? What happens if my ROGO allocation expires? Can I add square footage to an existing Keys home? What permits do I need for dock or seawall work? How does ROGO affect new construction timelines? Can I Build on an Empty Lot in the Florida Keys?

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