CoStar Market Insights: Sales Activity of Existing Multifamily Properties Across Florida Focusing on Value Add Renovations to Increase Rents While New Product Continues Flying Off Shelves in South Florida

By: Danielle Grimelli and Evan Snow, CoStar Market Analytics.Looking across the Sunshine State, the Daytona Beach metro has enjoyed strong rent growth and a historically low vacancy rate that surpassed the national level starting in 2014. Strong job growth above the national average is expected to continue supporting low vacancy levels at a minimum. With its most recent acquisition, The Collier Companies has entered the central Florida market…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group