The Real Deal Miami

Multi-family flood on the way

August 26, 2011 09:50AM

With more and more people looking to rent instead of buy, South Florida
is one region that is seeing growth in the multi-family sector, according
to Cushman and Wakefield. “There’s no question that South Florida is on
most investors’ preferred market list,” said Brad Capas, senior
director of apartment brokerage services at Cushman. “The market is
performing very well from an occupancy standpoint. We are starting to
see a little bit of rent growth, and significant rent growth is expected
going forward.” The Class A multi-family market has a vacancy of just 5
percent, according to the report. [GlobeSt]