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Why Foreign Investors Still Bet on Miami Multifamily

MIAMI—Miami is still one of the nation's top multifamily markets and foreign investors still have a strong appetite for product here. Get the latest market metrics.

By Jennifer LeClaire | Updated on November 08, 2013

MIAMI—Tight vacancy and climbing rents. That’s the multifamily story in Miami-Dade County in a nutshell. Indeed, Miami is still one of the nation’s top multifamily markets and foreign investors still have a strong appetite for product here.

According to Marcus & Millichap‘s fourth quarter ApartmentResearch Market Report, new demand for multifamily rental housing has emerged this year. The firm points to the net absorption of 1,700 multifamily units even without a significant lift in the job market.

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