Apartment Investors & Other Stakeholders
Florida Multifamily Update

Thank you all for joining me last week in Tampa. Our Florida multifamily presentation was well received and our mission to shed light on Florida and its markets assists all multifamily principals gain an accurate picture of their interests, regardless of their preferred markets.

Inventory

Currently, our database shows 252 multifamily properties for sale in the state of Florida (active), all of which are comprised of 10 or more units.   Most of those (160) are smaller properties with 20 or fewer units.  Another 69 properties possess between 21 and 89 units in our statewide survey of properties which are currently for sale.  

Pricing and Rents

Of the properties for sale with 90+ units, only four are priced by the seller. Those which are priced reflect a high of $76,923 per unit on the high-end and $14,517 on the low-end with a mean average of $59,700 per unit.

About David Walle, MiCP™

In addition to his work as a multifamily broker and consultant, David Walle is a Certified Apartment Manager® and experienced property tax consultant. Before earning his designation Masters in Commercial Property™, Mr. Walle had represented over $450 million dollars in real property assets from the Florida Panhandle to Miami Dade County. You may reach Mr. Walle’s cell at (352) 328-9384 or office at (352) 482-0777 x208


About NAI Heritage

NAI Heritage is a full service Commercial Real Estate Company. We have been providing superior service to our clients since 1977. Our client base includes individual investors, developers, public and private investor groups, receiverships, lending institutions, and insurance companies.

Multifamily Real Estate Services.
3720 NW 43rd St, Suite 105  Gainesville, FL 32606

Corporate Office
2605 SW33rd St, Bldg 200  Ocala, FL 34471

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm with $45 billion transaction volume and 300 million square feet under management. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs.

  • 55 countries
  • 400+ local offices
  • 7,000+ local market leaders​