Illustration showing multifamily sales record in South Florida

It’s official — South Florida is the most notorious commercial real estate market in the U.S. Local multifamily sales are breaking records and attracting investors like never before.

According to The Real Deal, 2021 marks a record-smashing year for multifamily real estate investing. A Cushman & Wakefield report confirms that sales exceeded $11 billion.

And the numbers are projected to skyrocket from there across 2022.

Multifamily sales chart

Massive new multifamily sales record

These new stats dominate the last record from 2016. Back then, $5.5 billion was the roof, which makes 2021 more than twice as successful for the South Florida multifamily market. Investors bought more than 600 properties in the area last year alone.

But that’s not the only record crushed.

As far as median price per apartment goes, Miami-Dade, Palm Beach, and Broward counties reached an all-time high. For example, submarkets like Fort Lauderdale, Coral Gables, and Aventura boast average rents of over $2,500. 

Sky-high rent prices in South Florida

Let’s take a closer look at rent increases for each county:

  • Palm Beach County: +32.1% — another record-breaking stat as the highest rent increase South Florida has ever seen in a single year
  • Broward County: +23.3%
  • Miami-Dade County: +19.7%

The REI opportunity of a lifetime

There’s no chance of stopping buyers anytime soon. Investors from out of state will keep pouring billions into the multifamily sector, and South Florida will continue to dominate as the “hottest commercial real estate market in the U.S.”

What more can I say? It’s easy to see what the best place to invest in multifamily real estate is in 2022.

And if you’re ready to start raking in those multifamily sales this year, there’s no better opportunity to begin with. 

Watch my real estate training for free and see how I personally achieved billions in assets starting from just 3,000 bucks.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

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