IMG South Florida Multifamily Real Estate Investment

South Florida’s employment expansion helped to drive strong demand for rental housing and big-ticket sales of apartment properties in the second quarter

Source: July 30, 2017

Eleven South Florida multifamily housing properties sold from April through June at prices above $49 million the Daily Business Review reported. Their combined value was $940 million, the newspaper reported.

South Florida employers created about 117,000 new jobs in the 12 months ended in May, lowering the area’s unemployment rate to 4.2 percent from 4.7 percent in May 2016, according to the federal Bureau of Labor Statistics. – Mike Seemuth