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There's steady occupancy and growing investment interest, says JLL, but also some challenges, especially with conversions.
Tenant requirements are expanding as sublease space is shrinking.
Low corporate tax rates and a high number of investors make the Sunshine State very attractive to businesses.
New supply is outpacing demand as leasing activity plateaus.
The new report reveals that three of the four components used to measure the health of the multifamily market are performing poorly.
According to a recent JLL report, Miami continues to show strong trends regarding flight-to-quality as both new-to-market and existing tenants seek new Class A and Trophy product space.
But the pace of decline is slowing, according to MSCI.
Rent growth in the sector has averaged 6.2%, making student housing one of the best performing commercial real estate sectors
According to a recent office report from JLL, tenants continue to leverage flight-to-quality opportunities.
And there's another 45,000 coming, according to Yardi's RentCafe.