Many Florida multifamily markets started the 2023 calendar year with performance readings well above the U.S. norm. But even the red-hot leasing environment within the Sunshine State has cooled from peak levels.
Similarly, economic constraints like sharply rising interest rates have affected investor appetite in the nation's third largest state. And while many markets still boast strong trailing 12-month rent growth rates, some emerging challenges, such as slowing year-over-year performance and rising operational expenses, are creating NOI shifts.
Join RealPage® experts as they review market performance across the Sunshine State. In addition to recent performance recaps, a special segment covering local market forecast expectations will be covered.
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.
