Strong rent growth and high price per unit create a prime market for investors in the Greater Orlando area
With the Florida multifamily markets being some of the strongest nationwide, it’s essential for investors to stay aware of the trends in the state’s hottest markets, including Central Florida, Tampa, and Jacksonville.
Join us as we highlight and discuss the essential statistics from the Central Florida multifamily market below that we update every quarter:
What’s the current state of the Central Florida multifamily market?
Our team of multifamily investment advisors compiles the most pertinent facts on the current state of the Central Florida market each quarter that investors should be aware of:
- Total 5-150 Unit Properties in the Market: 2,068
- Total Volume Transacted in Q3 2022: $161M
- Total Properties Transacted in Q3 2022: 24
- *Average Price Per Unit: $133,852
- Total Properties Transacted in Q3 2021: 56
- Total Properties Transacted in 2021: 199
- Population Growth: ↑ 1.33%
- Job Growth: ↑ 6.0%
- Rent Growth: ↑ 9.4%
*Includes Orange, Brevard, Lake, Osceola, Polk, Volusia, and Seminole Counties
Why should I invest in Central Florida?
“With the minimal difference between asking and effective rents, concessions being offered to new tenants coming in the door are incredibly small in Central Florida which is a good sign for investors,” explains Joe LaFleur, founder and multifamily investment advisor at 100Units.
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Source: All facts and statistics are courtesy of CoStar.