(Carl Cronan is editor of RealEstateFlorida.)
ORLANDO, FL-Continued job growth and stabilization of supply anddemand are making Central Florida an attractive market forapartment investors, say local brokers. Many units that had beenconverted to condos for sale are returning to the market asrentals, while occupancy remains well within the 90% range.
"The pipeline looks pretty good over the next couple of years,"says Shelton Granade, first vice president of the Central FloridaMulti-Housing Group with CB Richard Ellis Inc. in Orlando. Whilethe area's total rental pool is currently 138,000 units, only 3,000new apartments are expected to open this year with limitedconstruction over the next few years due to scarcity ofmultifamily-zoned sites and rising impact fees.
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