Market Insights
Market fundamentals that shape disciplined multifamily investment decisions.
The "Florida Premium"
Florida continues to attract high-income households and business investment, reinforcing long-term rental demand. We view these drivers as structural—not cyclical—supporting durable occupancy and rent resilience.
No state income tax and a pro-business environment continue to support corporate relocations and wealth migration, strengthening renter demand in key metros.
Florida’s population inflows remain a core demand driver. Domestic migration represents the majority, while international migration also contributes meaningfully—supporting household formation and multifamily absorption.
Economic Strength
Florida is among the largest U.S. state economies, with major metros such as Miami, Tampa, and Orlando showing strong employment momentum relative to national averages. This job base supports sustained rental demand and income growth.
Supply & Absorption
While 2024/2025 mark a peak delivery window for new multifamily units in Florida, absorption has remained strong. We anticipate a 12–18 month normalization period as supply is digested, after which landlord leverage may gradually improve.