How Central Florida Investors Are Recalibrating Their Strategies
Lloyd Jones’ Chris Finlay and Starwood Capital Group s James Kane discuss market dynamics and expectations for the area s multifamily market. Feb242021
Image courtesy of Lloyd Jones
Thanks to a favorable tax environment and a relatively low cost of living, Central Florida’s economy has been steadily advancing in the past few years. The COVID-19 crisis, however, has shaken market fundamentals and put the region’s growth on hold.
Nevertheless, the bumpy road ahead hasn’t intimidated Central Florida multifamily investors, who rely on the region’s favorable demographics to sustain housing demand going forward. “Despite all the challenges 2020 presented, Orlando’s population grew by 61,000 residents, which outpaced fast-growing metropolitan areas like Atlanta; Austin, Texas, and Tampa, Fla.,” Lloyd Jones CEO & Chairman Chris Finlay told
Which Midwest Markets Are Investors Turning To?
Hannah Ott and George Tikijian, vice chairs at Cushman & Wakefield, shed light on buyer demand and opportunity across the nation s heartland. Feb172021
Images courtesy of Cushman & Wakefield
With few exceptions, Midwest markets have navigated pandemic-induced difficulties better than initially expected. Cushman & Wakefield Vice Chairs Hannah Ott and George Tikijian are confident about the multifamily industry’s strengths in the region. “Most Midwest markets don’t need to recover. Overall, they’ve had growth in occupancy and rental rates,” Ott told
Multi-Housing News. Therefore, investors view them as a viable alternative to high-priced gateway markets.