West Palm Beach and Miami are "large recipients" of the trend, according to Danny Diaz Leyva.

The 50-story tower will feature over 150 condo units.

Low supply in a key market is helping the recovery.

Florida has also exceeded the country's average in retail asking rents.

One property will get a "resort-style living environment" feel.

The project is 82% preleased.

The property recently executed a $16.5 million renovation.

Mitchell Clarfield of Newmark is seeing some activity in multifamily.