Fastest Growing Multi-Family Property Investments in Florida
Multi-family housing continues to play a significant role in shaping Florida’s urban landscape, with Miami, Orlando and Tampa standing out as national leaders in apartment development and investment. In 2024, Florida metros saw robust growth in multifamily transaction volume and investment, bucking national trends of slowing construction in other markets.
Other Florida cities are also making major strides in the multi-family sector:
- North Central Florida This region, including Palm Coast, Daytona Beach, Ocala and Gainesville, saw 3,616 new units completed in 2024, with strong demand and a 94% occupancy rate. Over 5,000 units are under construction and investment activity is robust.
- Orlando Metro Orlando added 80,000 new residents in 2024, driving high demand for apartments, especially Class A. Suburbs like Kissimmee are seeing increased completions and rent growth is projected to be among the highest in 2025.
- South Florida With over 16,300 units delivered in 2024, South Florida continues to see strong demand despite increased supply, keeping vacancies low and rents high. Investor interest is strong, though rising insurance costs and tighter debt pose challenges.
Florida’s multifamily sector in 2025 is marked by strong population inflows, suburban expansion and a shift toward both high-end and affordable rental communities, making it a prime market for multifamily property investment. Investors and property managers in Florida’s top metros trust US Mail Supply’s mailbox solutions to match today’s tenant expectations and USPS standards.
