https://www.bytheseacommercial.com/wp-content/uploads/2015/03/multifamily-feature.png 81 81 Rich Barnhart https://www.bytheseacommercial.com/wp-content/uploads/2020/10/BTSC-Logo-250x125-1-1.png Rich Barnhart2015-03-26 18:26:282015-03-26 18:26:28Fort Lauderdale Multifamily Continues Upward Trend
Fort Lauderdale Multifamily Continues Upward Trend
Multifamily Sales Price Trend (per unit)
The Miami/Fort Lauderdale Metro multifamily market continues its upward trend with per unit sale prices up 14.9% year over year. This trend is relatively modest compared with previous years. This time 3 years ago properties were trading for about $45,000 per unit. Now the median sales price per unit is over $81,000.
Multifamily Asking Price Trend (per unit)
Current Fort Lauderdale multifamily asking prices are up 13.6% over last year which is currently outperforming the metro area which is up 10.7%. The Fort Lauderdale multifamily trend is also up more than Broward County and the state of Florida which are trending at 12.5% and 12.2% respectively. After peaking in mid 2013 asking prices are again rebounding in Fort Lauderdale with median ask price at $121,793 per unit.