MIAMI-While some investors are pulling out of big deals in the wake of Wall Street woes, certain sectors are still seeing growth in South Florida and across the Southeast. Multifamily is one of them.

Declining homeownership rates, limited access to credit for potential homebuyers and a lack of confidence in both the economy and the housing market has led to unprecedented levels of households opting to rent versus own their home. So says Cushman & Wakefield’s midyear US Multifamily MarketBeat Report.

“There’s no question that South Florida is on most investors’ preferred market list,” Brad Capas, senior director of Apartment Brokerage Services at Cushman & Wakefield, tells GlobeSt.com. “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.”