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Miami-Dade County had the highest number of first quarter multifamily transactions at 65, which was in line with the third and first quarters of 2007 but lower than the strong showing in the fourth quarter of last year. Miami-Dade County had the highest number of first quarter multifamily transactions at 65, which was in line with the third and first quarters of 2007, but lower than the strong showing in the fourth quarter of last year.

MIAMI—South Florida’s multifamily sector posted strong results once again with increased sales and per-unit multifamily pricing, according to a report released recently by the Miami Association of Realtors Commercial and data firm Vizzda.

There were 140 multifamily transactions in South Florida in the first quarter of this year, an 8.5% increase as compared to a year earlier. Multifamily per-unit prices also rose in Miami-Dade, Broward and Palm Beach counties, according to the 1Q 2018 The Quarterly Report – South Florida Commercial Real Estate.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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