3 (More) Factors Signaling a Seller's Market in Orlando Multifamily

ORLANDO—Greg Wilson, a director of multifamily services for Colliers International in Orlando, has plenty of reasons why he thinks it’s a seller’s market in his neck of the woods. In part one of this exclusive interview, he gave GlobeSt.com three of those reasons. Here are the next three:

4. Rental Rates Will Continue to Increase The Orlando multifamily market—which Colliers reports is about 25% class A, 53% class B, and 22% class C properties—has seen an increase in rental rates that Wilson expects to continue. “In the last six months, the overall average rental rates for all classes of property have increased approximately 3.1%, from $877 per unit to $906 per unit,” he tells GlobeSt.com. “As net absorption continues, over the next 12 months we expect market rents to increase between 3.5% to 4.9%.”