Florida Capital Migration (2022)

In 2022, 87% of the capital invested in Florida multifamily assets originated from out of state.
29%
of the overall capital flowed from out of state metropolitan areas such as New York*
51%
Avg $/Unit has risen due to this extra activity

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.

*Data aggregated for multifamily sales in Florida from January 1, 2022 to Dec 31, 2022

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.

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