The Florida multifamily market is thriving despite lower rents in other cities across the country. This market growth is possible due to large numbers of workers, families, and business operations relocating to Florida. In summary, local multifamily real estate consultant Wilson Dean of Dean Real Estate commented that pricing for all multi-family asset classes, even Value Add, are at all-time highs; however, it creates a concern that future rents might not sustain the pricing of the assets if unexpected capital expenditures are required.
To learn more, read the original Wealth Management article by Casey Babb: