After a strong performance in the last few years, the South Florida multifamily market is beginning to show a softening in fundamentals driven by normalization of demand and historically elevated supply. This trend is showing itself in longer leasing periods for new apartment construction in the market.
New Apartment Construction Taking Longer to Lease in South Florida
Lease Up Times Reverting to Pre-Pandemic Norms After Speeding Up Since 2020
By Juan Arias
CoStar Analytics
August 17, 2023 | 8:13 P.M.
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