Compass Florida doesn’t show any signs of relinquishing its No. 1 position in market share in South Florida. It has opened a new office in downtown Delray Beach and relocated its Town of Palm Beach office. The Delray Beach office, at 102 N.E. First Ave. is a historical landmark and will be home to the Platt Group. The Platt Group, led by Alex and Margot Platt (pictured), bills itself as one of the top 25 Realtor firms in Florida and the No. 1 large team in Boca Raton.
An army of 100 agents will operate out of the relocated 3,400-square-foot Palm Beach office at 150 Worth Ave. The new office will be led by industry veteran Jeff Dono, who has more than 20 years of South Florida real estate experience.
Dono said Compass only had 900 square feet in its previous Palm Beach office, which was across from St. Edwards Church on Sunrise Avenue.
“As we grew and obtained significant market share we made the investment to move,” Dono says. Compass expects to close in on the No. 1 position in Palm Beach County, based on sales volume, while already leading in Broward and Miami-Dade counties.
The market in 2024 is a bit different than 2021 when multiple offers could be expected on $25 million properties, Dono says. “It takes a minute. Not a bad market but not a market where people are fighting for properties.”
In some ways the market is more balanced than the panic buying era, he says. “We loved the wild market, but it was very frustrating for buyers and sellers and agents.”
Compass has invested more than $1 billion in technology, which is a big selling point as it tries to recruit agents, Dono says. Moreover, agents get a lot of referrals from Compass offices in other markets.
