MIAMI—South Florida's multifamily market has been strong and steady for seven consecutive years. After a record-breaking sales volume in 2016—$5.6 billion—the market had a lot to live up to in 2017. GlobeSt.com caught up with Calum Weaver, executive managing director with Cushman & Wakefield's South Florida Multifamily team, to get exclusive insights from his report in this year-end wrap-up interview.

GlobeSt.com: After a record-breaking year in 2016, what stood out in the South Florida multifamily market in 2017?

Weaver: 2017 was another record-breaking year for the South Florida multifamily market, but instead of total dollar sales volume, it was in terms of price per unit and price per square foot. While not all numbers are in yet for 2017, the data so far shows average record per unit pricing of nearly $225,000 per unit in Palm Beach County, $200,000 per unit in Miami-Dade and $190,000 in Broward County.