Early this week in Florida saw some noteworthy multifamily leasing numbers, as well as one major kudo for an affordable housing developer based in the state. Beyond these developments, there was significant action in Florida secondary markets.
BY THE NUMBERS
Multifamily leasing activity during the first quarter of 2017 outpaced activity during the same time last year, with residents newly occupying 2,529 units. While 3,438 units were delivered, rental demand remained elevated nonetheless thanks to robust job growth—nearly every sector posted job gains over the past year, according to the report. Multifamily operators advanced monthly rent to $1,598 in March, an increase of about 2.1% year over year. (Source: Berkadia)
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