ORLANDO—In the Greater Orlando area, all signals point to a seller's market in multifamily. So says Greg Wilson, a director of multifamily services for Colliers International in Orlando. GlobeSt.com caught up with Wilson to find out six key factors signaling a seller's market in Orlando multifamily and its surrounding areas. Here are the first three:
1. Vacancies Continue to Drop
In general, the Orlando multifamily market is very healthy. According to Colliers' research, in the past six months the overall vacancy rate has dropped from 6.2% to 5.8%, with the addition of more than 900 new net renters to the market.
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