Multi-Family Outlook for 2020

According to Freddie Mac’s multi-family real estate outlook, Fort Lauderdale is listed as one of the top 10 multi-family markets in the country. Performance was strong during 2019 and is expected to remain healthy into 2020, with the potential for moderated growth. Vacancy rates held steady over 2019 even with significant new supply delivered, so the multi-family markets remain tight entering 2020. Rent growth remains healthy at the national level as well as in most major metropolitan areas. Low unemployment and increasing wages should keep this segment strong and attractive for investors.

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.
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