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Q3 2019 Southwest Florida Multifamily Report

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CAP Rates Compress as Supply Remains Lethargic and Rental Rates Continue to Rise

The third quarter closed with thirteen transactions totaling approximately $140M, a small decrease since last quarter. Two of these transactions accounted for nearly 72% of the total sales volume, and two other transaction’s price/unit exceeded $200k. In comparison, the third quarter of 2018 there were 12 transactions amounting to $87M in sales volume. This year is not seeing the same transaction slow down we had in 2018 that lasted into the second quarter. By the end of this year’s third quarter, there were 36 transactions totaling approximately $419M in sales volume, showing a moderate decrease in activity from the last 2 years.

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Multifamily Report

Q3 2019 Southwest Florida Multifamily Report

Download Report