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Explore the latest insights into Florida's apartment market, presented by Byron Moger, Executive Director of Cushman & Wakefield. This overview covers key economic indicators such as employment and population trends, median sale prices for condominiums and single-family homes, and the multifamily housing supply. Discover the opportunities to buy at a 6% cap rate or build for an 8% cap rate. Analyze historical comparisons, distress sales, and market dynamics to make informed decisions in the Florida real estate landscape.
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Florida ApartmentOverview Presented By:Byron MogerExecutive DirectorFlorida Apartment Brokerage ServicesCushman & Wakefield of Florida, Inc.
Economic Overview EMPLOYMENT POPULATION
Economic Overview CONDOMINIUMS (Median Sale Prices) SINGLE-FAMILY, EXISTING HOMES (Median Sales Prices)
Supply BUY AT A6% CAP RATE Or BUILD TO AN8% CAP RATE
Florida Average Apartment Price Per Unit HISTORICAL COMPARISON
Apartment Sales Volume by Metropolitan Area FLORIDA MULTIFAMILY SOURCE: Real Capital Analytics, C&W Capital Markets Group
Florida Distress Sales AS A PERCENT OF TOTAL SOURCE: Real Capital Analytics
US Monthly Apartment Distress Volume CUMULATIVE DISTRESS SOURCE: Real Capital Analytics
US Monthly Apartment Distress Volume ADDITIONS & REDUCTIONS TO DISTRESS SOURCE: Real Capital Analytics, C&W’s Capital Markets Group
Florida 2010 Top 10 Buyers FLORIDA SOURCE: Real Capital Analytics
2010 Top 10 Sellers FLORIDA SOURCE: Real Capital Analytics