Multifamily Investors Expected to Stay Focused on South Florida Despite Climate Challenges

Miami is a cosmopolitan city, with long-held connections to Latin America, both culturally and business-wise. Among the metro's key drivers are an extensive international trade and tourism economy, a wide variety of global investments, all while offering world-class amenities. With year-round warm weather, the area has attracted many new residents, including a number of high-income households, in the years since the beginning of the pandemic. Despite climate-related challenges, as well as other external factors, including elevated interest rates, higher construction costs, and sky-rocketing property insurance premiums, both residents and real estate investors have a positive longer-term outlook on the southeastern region of the Sunshine State, especially for the multifamily sector.

Multifamily Investors Expected to Stay Focused on South Florida Despite Climate Challenges