Middle Market Digest: This Week in Florida

The big news this week in Florida—and much of the Southeastern coast—is Hurricane Matthew. Although it wasn’t as bad as many meteorologists predicted in the southern part of the state, North Florida appears in for a hammering Friday and Saturday. And it still remains to be seen if the storm will loop back around and hit us again. I’ve included some interesting statistics below on REIT exposure in the state.

Most of this week’s noteworthy news revolves around housing—either multifamily housing, condos, student housing and affordable housing. That’s not surprising, given the rapid pace of Florida’s population growth and the retiring Baby Boomers looking to downsize. From large metros to tiny submarkets, the demand for housing continues rippling through the state.