The market in Florida has experienced strong growth and demand, driven by a robust economy, population growth, and a desirable climate and lifestyle. The state is home to several major urban centers, including Miami, Orlando, and Tampa, which have experienced significant growth in recent years. In addition, Florida has a thriving tourism industry, a growing technology sector, and is a popular destination for retirees, all of which have contributed to job growth and increased demand for housing.
Based on 29% of the capital invested in Florida multifamily assets originating from out of state and a 51% Avg $/Unit increase due to this extra activity, Florida is a good market to invest in. To get this information in a one-page summary, click here.