MIAMI—Early this week in Florida saw some interesting statistics come out of Little Havana. Meanwhile, new single-family home projects are still winning approvals and Delray Beach saw a strong multifamily transaction.
BY THE NUMBERS
Revitalization efforts underway in the Little Haiti and Little Havana neighborhoods will spur buyer interest for older properties with value-add opportunities. Class B and C properties outside the urban core where rents are more affordable remain highly in demand and have going-in cap rates that fall in the high-6 to low-9% range. (Source: Marcus & Millichap)
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.