MIAMI—With interest rates on the rise, and available product scarce, has the multifamily market in South Florida finally reached a tipping point? Not according to Calum Weaver, of CBRE's Multi-Housing Private Capital Group.

Weaver's group focuses on sales in the private capital range of $1 to $10 million. According to CBRE, South Florida multifamily properties in that price range saw over $517 million in sales over the past 12 months, a jump of 219% over sales volume in 2009-2010.

Weaver, whose team recently listed 113 units at Bermuda Cay in Boynton Beach, one of the last fractured condo deals in South Florida, anticipates continued growth in multifamily sector for the foreseeable future. However, he tells GlobeSt.com, all-cash buyers are going to face stiff competition from financed buyers, and B and C properties in good locations are prime candidates for value-add opportunities.