Rents for multifamily housing and apartments are soaring in Orlando and South Florida. Making it a profitable opportunity for investors.
Orlando Weekly writes about the new research by TurboTenant, “With stats like these, it’s no wonder Orlando is a goldmine for profit-seeking landlords.”
Orlando is followed by Jacksonville, Tampa and St. Petersburg as the most lucrative area in which to snag real estate and hike up monthly rental fees. Orlando made the list due to the city’s rapidly growing population and increases in home values.TurboTenant’s report this month focuses on Florida, the third most populous state in the U.S. As of July 2019, the statistics on buying rental property in Orlando show that population growth went up by 4.8 percent, and employment growth increased by 3.5 percent.
South Florida is also expected to see high returns in investment for multifamily housing. With nearly 16,000 apartments anticipated for the year. The growth in population in South Florida is fueling the construction and renovations of apartments. It is estimated the number of completions will double that of last years 8,871 units. Rents are also predicted to continue to rise.
The Construction Team You Choose Can Make All The Difference!
The U.S. economy remains in a growth mode, fueling the multifamily and apartment housing industry. It is important to partner with a construction group who will deliver
Today’s new construction will need to have the advantage, with the latest technology, the newest amenities, environmentally “Green” friendly, and have a great location, to keep up with the competition.
SWET Construction Group has a successful track record of developing premium independent and branded multifamily housing.
SWET Construction Group is a leader in new construction and renovations of multi family housing industry. Partnering with us will not only keep your construction costs low while achieving a beautiful architectural design, they will ensure your project is a great success by displaying quality traits such as preparedness, flexibility and awareness.