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Miami Multifamily Memo

by Omar Morales

Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )

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Miami Multifamily Memo | 2023 Year End Update

Miami Multifamily Memo Current trends and opportunities 2023 is behind us. How did pricing and transaction volume compare to years prior? Where will it go from here? Let's dig in. **if you’d like this data broken out by Miami Dade, Broward, & Palm Beach County, please reach out via email for the excel** Most headlines will point out that transaction volume is down roughly 60%, year-over-year. However, as predicted in my 2023 mid-year update, South Florida is back to a pre-pandemic average...

3 months ago • 1 min read

Miami Multifamily Memo the generational buying opportunities to come Before We Dive In... Job Opportunity: [reach out to add your job posting here - the last job posting here brought the Miami Real Estate Private Equity employer 12 job applicants] Alright, let's dive in: Generational Buying Opportunities Ahead Why? because: Rents are softening Expenses are increasing (insurance, payroll, etc.) Incoming Rental Supply is at all time highs Valuations went especially high during 2021-2022 Several...

4 months ago • 2 min read

Miami Multifamily Monthly Recent Wynwood trade & active opportunities Before We Dive In... Job Opportunity: OKO Group, the billionaire-backed development shop behind Una Residences, 830 Brickell, and the AMAN Miami Beach is looking to fill a Development / Acquisition role as either an Analyst or Associate Feel free to apply below, or reach out directly to Chris Yoder and let him know you came through here! email: [email protected] or: Online Job Application here OKO Group's "Una Residences"...

6 months ago • 2 min read

Miami Multifamily Monthly Current trends & opportunities Market Pulse The Fed / FOMC seem to be cementing the “higher for longer” narrative as it relates to interest rates going forward. That’s bad news for real estate valuations. Despite the amount of dry powder seemingly in the space, buyers have shown to be more judicious than most sellers & brokers expected coming into 2023. Every deal has its nuances, but by and large we are seeing sellers hoping to sell multifamily properties in South...

7 months ago • 2 min read

Miami Multifamily Monthly Current trends and opportunities The first half of 2023 is in the books already. How did pricing and transaction volume compare to years prior? Let's dig in. **if you’d like this data broken out by Miami Dade, Broward, & Palm Beach County, please reach out via email for the excel** Most headlines will point out that transaction volume is down roughly 70%, year-over-year. However, the first half of 2023 saw almost exactly half the average annual transaction volume and...

9 months ago • 1 min read

Boots on the Ground Miami Multifamily trends and insights We've sold +$200M worth of deals so far this year in South Florida. What am I seeing on the ground? Miami Multifamily & Land Sales volume is down 50-70%, depending who you ask. Pricing from the peak in early-2022 is down roughly 20%. Where will we start seeing land & multifamily opportunities over the coming months? Answer: 1. Merchant Builders (for multifamily opportunities)2. Would-be Developers (for land opportunities) The only two...

11 months ago • 2 min read
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