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MU LT I FAM I LY I NVE S TMENT |
SOUTH F LOR I DA T E AM
3
MULTIFAMILY INVESTMENT SALES ANALYSIS | SOUTH FLORIDA
GRAPH 1 :: South Florida Historical Price/Unit Versus Price/SF
GRAPH 2 :: South Florida Historical Transaction Volume Versus Number of Transactions
* +$1 million multifamily sales
WHERE MULTIFAMILY OPPORTUNITIES EXIST
• Value Add opportunites in submarkets with +/- 20-Year delivery gap in new construction.
• Affordable Housing remains drastically underserved. Understand the House tax reform bill and the possible
elimination of private-activity bonds. This could have negative consequences for affordable development
• Price per pound: Look for assets below replacement cost. Go beyond the in place numbers. Attractive debt
options can faciliate operational and/or revenue enhancements.
• Suburban, Class A School Districts, Larger Units, More Playground & Dog Park, Less Business Center
• Brightlineand New Tri-Rail Station in Miami, South Broward, and to Orlando
• Silver Tsunami: Senior communities near affluent single-family markets and walkability
• Income producing development sites for multifamily and condo
* +$1 million multifamily sales
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
$240
$260
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017 (YTD)
Price Per SF
Price per Unit
SOUTH FLORIDA HISTORICAL PRICE/UNIT VERSUS PRICE /SF
Average per Unit
Average Per SF
Miami-Dade
Broward
Palm Beach
0
75
150
225
300
375
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017 (YTD)
Number of Transactions
Dollar Volume
Billions
SOUTH FLORIDA HISTORICAL TRANSACTION VOLUME VERSUS NUMBER OF TRANSACTIONS
Dollar Volume
Number of Transactions
Miami-Dade
Broward
Palm Beach