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South Florida MF Sales Decrease for 3rd Year

Florida has a history of boom-bust real estate markets but excellent market fundamentals coupled with realistic underwriting and financing analysis will keep the market in equilibrium, according to C&W’s Calum Weaver.

By John McCurry | January 31, 2020 at 08:55 AM
Calum Weaver

MIAMI—The latest Weaver Report on multifamily sales in South Florida paints a robust picture of a region poised for long-term growth. The report is put together by Calum Weaver, executive managing director of Cushman & Wakefield’s Multifamily Group in Florida.

Weaver says in 2019 there were 250 multifamily sales totaling $3.4 billion – the fifth highest ever recorded in South Florida. Still, sales decreased for the third year in a row from the record of 2016. There are fewer deals available in the market which has slowed sale volume. The biggest challenge is finding viable acquisition opportunities with more buyers than sellers in the market.

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