After witnessing historically elevated levels of transaction activity in 2021 and 2022, South Florida's volume has slowed in 2023 to pre-pandemic levels. Quarterly transaction activity across property types is down between 50% to 60% in 2023, relative to average quarterly levels from 2021 to 2022.
Transaction Volume Cools, and Capitalization Rates Rise As Institutional Buyers Sit on the Sidelines
South Florida Industrial and Multifamily Transaction Activity Normalizes to Pre-Pandemic Levels
By Juan Arias
CoStar Analytics
September 29, 2023 | 2:03 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In