Florida was one of the nation's multifamily performance leaders over the past year with exceptional demand driving never-before-seen rent growth and occupancy readings. But as the nation's apartment demand levels dwindle well below previous highs, questions loom about whether Florida markets will feel a further slowdown due to localized supply pressure.
Long-term indicators suggest these markets will remain well-positioned as demographic and economic trends favor the state’s growth over the long haul. Still, the nation's weaker-than-expected third-quarter performance readings also appear to be impacting the Sunshine State.
Perhaps most importantly, can localized performance maintain enough steam to offset the incredible cap rate compression Florida saw through the 2020-2021 boom period?
Join RealPage® experts for their insight into Florida's apartment market during a lively and interactive webcast with a reflection on recent performance stats, a glimpse into near- to mid-term expectations for Florida metros and a brief discussion on the potential impact of Hurricane Ian on local market activity.
Multifamily markets in this educational update include:
- Cape Coral/Fort Myers
- Destin (Crestview)
- Deltona-Daytona Beach
- Fort Lauderdale
- Gainesville
- Jacksonville
- Lakeland
- Miami
- Naples
- Orlando
- Palm Bay
- Panama City
- Pensacola
- Port St. Lucie
- Sarasota
- Tampa
- Tallahassee
- West Palm Beach
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
Natalie Long
Director of Client Success, Market Analytics, RealPage, Inc.Natalie Long manages client services for the Market Analytics platform in the RealPage Asset Optimization suite. Natalie focuses on empowering clients and their businesses through the use of macro analytics in apartment fundamentals, forecasts and capital markets. Prior to her role in client services, Natalie spent two years as an analyst in RealPage’s market intelligence division following three years as a senior appraisal analyst for JPMorgan Chase. Natalie holds a bachelor’s degree in communications and a master’s degree in real estate from Texas A&M University.
