South Florida
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Class A
Class B
Class C
Class A
Class B
Class C
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Occupancy by Class
Effective Rent by Class
Up 1.8% YOY
Households
2,426,300
Households
2,426,300
Up 1.8% YOY
During the Trailing 12 Months
41,900 UNITS
up 2.2% YOY
Employment
2,987,200
Employment
2,987,200
up 2.2% YOY
During the Trailing 12 Months
65,300 JOBS
UNCHANGED yoy
Occupancy
94.7%
Occupancy
UNCHANGED YOY
94.7%
Effective Rent
$2,520
up 0.3% yoy
Effective Rent
$2,520
UP 0.3% YOY
$8 YOY
Net Absorption
17,096
UNITS
Net Absorption
17,096
UNITS
During the Trailing Four Quarters
Inventory
Up 2.8% YOY
670,814
Inventory
670,814
Up 2.8% YOY
During the Trailing Four Quarters
18,285 UNITS
Sources: Berkadia; RealPage; Moody's Analytics; Federal Reserve Bank of St. Louis
© 2024 Berkadia Real Estate Advisors LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This report is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
This document and any statements, information, data and content contained therein, and any materials, information, images, links, sounds, graphics or video provided in conjunction with this document (collectively “Materials”) has been prepared for informational purposes or general guidance on matters of interest only, and does not constitute professional advice, advertising or a solicitation. The Materials are of a general nature and not intended to address the circumstances of any particular individual or entity. You should not act upon the information contained in the Materials without obtaining specific professional advice. As such, nothing herein constitutes legal, financial, business, investment or tax advice and you should consult your own legal, financial, tax, investment or other professional advisor(s) before engaging in any activity in connection herewith. The information in the Materials is not a substitute for a thorough due diligence investigation. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in the Materials, and, to the extent permitted by law, Berkadia Commercial Mortgage LLC ( together with its affiliates, the “Company”) neither accept nor assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the Materials or for any decision based on them. No part of the Materials is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company.
South Florida
Sources: Berkadia; RealPage; Moody's Analytics; Federal Reserve Bank of St. Louis
© 2024 Berkadia Real Estate Advisors LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This report is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
This document and any statements, information, data and content contained therein, and any materials, information, images, links, sounds, graphics or video provided in conjunction with this document (collectively “Materials”) has been prepared for informational purposes or general guidance on matters of interest only, and does not constitute professional advice, advertising or a solicitation. The Materials are of a general nature and not intended to address the circumstances of any particular individual or entity. You should not act upon the information contained in the Materials without obtaining specific professional advice. As such, nothing herein constitutes legal, financial, business, investment or tax advice and you should consult your own legal, financial, tax, investment or other professional advisor(s) before engaging in any activity in connection herewith. The information in the Materials is not a substitute for a thorough due diligence investigation. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in the Materials, and, to the extent permitted by law, Berkadia Commercial Mortgage LLC ( together with its affiliates, the “Company”) neither accept nor assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the Materials or for any decision based on them. No part of the Materials is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company.
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Class A
Class B
Class C
Class A
Class B
Class C
Source: RealPage
Note: Effective rent and occupancy reflect stabilized properties and does not include preleased units or properties in lease-up. A newly constructed property is considered stabilized once it becomes 85% occupied.
Occupancy by Class
Effective Rent by Class
Inventory
670,814
Up 2.8% YOY
During the Trailing Four Quarters
18,285 UNITS
Net Absorption
17,096
UNITS
During the Trailing Four Quarters
Effective Rent
$2,520
UP 0.3% YOY
$8 YOY
Occupancy
UNCHANGED YOY
94.7%
Employment
2,987,200
up 2.2% YOY
During the Trailing 12 Months
65,300 JOBS
Households
2,426,300
Up 1.8% YOY
During the Trailing 12 Months
41,900 UNITS
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