Investors are targeting Florida in a big way because of the state’s current strength of the multifamily market.
Casey Babb, CCIM discusses how Florida multifamily has been one of the clear beneficiaries of the commercial real estate market during the COVID-19 pandemic. While uncertainty loomed over other asset types and sectors, including multifamily that took a major hit in some other parts of the U.S., Florida multifamily has continued to thrive.
Casey continues throughout the article on why people are moving within the multifamily market instead of leaving. Due to the demand of the Florida multifamily market, developers can’t keep up and build multifamily properties fast enough.