This week in Florida saw some encouraging news come out of the multifamily market, along with more commercial real estate industry consolidation and musical chairs. The ink also dried on plenty of deals worth noting.
BY THE NUMBERS
Market conditions in the metro remain strong. Hiring and a low cost of living will elevate the rate of household formation in both Hillsborough and Pinellas counties in 2017. Expansion of the metro's healthcare and retail trade industries combined with increased government, hospitality and financial services hiring will boost demand for multifamily rentals across all asset classes. The strong labor market continues to drive healthy demographic trends in Tampa Bay and attract new residents to the area. (Source: Marcus & Millichap)
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