Search
 
Analysis

Florida Apartment Markets Experience Unusual Revenue Drop

Revenues declined by an average 3.4% in the year-ending January.

By Kathy Rembisz | February 13, 2024 at 07:31 AM

In January, revenue change in Florida apartment markets experienced a surprising drop from the surges that market saw in 2021 and 2022, according to data from Realpage Market Analytics.

For context, 17 of the nation’s largest 150 apartment markets are in Florida. Those 17 markets saw revenues decline an average of 3.4% in the year-ending January. In contrast to the Florida market, the 16 California apartment markets in the top 150 saw revenues fall an average of 0.7%. At the same time, the 11 Texas markets experienced average declines of 2.6%. And US revenues were unchanged for the year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.