South Florida Business Journal: ‘Lowest vacancies in years’ drive up prices for multifamily investors

November 25, 2021

For “the first time ever” the average price for a Class C apartment building averaged $150,000 a unit, according to a recent report on the South Florida multifamily market from Franklin Street, a Tampa-headquartered commercial and insurance brokerage. But it isn’t just Class C apartment buildings — classified as multifamily structures more than 30 years…

What Now Atlanta: In Sea of Restaurants, Hammond Springs Looks To Bring Wellness, Selfcare, Fashion Tenants to Center

November 22, 2021

‘We’re looking for upscale brands, either locally owned or nationally recognized, that will complement the great assortment of businesses currently at Hammond Springs,’ says Franklin Street, the center’s broker. There’s no shortage of dining and shopping options along the stretch of Roswell Road that runs through the core of Sandy Springs, Ga. But more options…

St.Pete Catalyst: Tarpon Springs Shopping Plaza Sells

A newly constructed 16,456-square-foot retail strip center in Tarpon Springs has sold for $7.45 million, or $452 per square foot. Ally Tarpon LLC sold the plaza at 40545 US Highway 19 N. to Tampa-based Tarpon Springs HF LLC. Franklin Street arranged the sale of the plaza. The property’s tenants include TGH (Tampa General Hospital) Urgent…

Q3-21 Multifamily Report: Central Florida

CENTRAL FLORIDA MULTIFAMILY EXPECTED TO SEE RISING RENTS AND STRONG MARKET FUNDAMENTALS Franklin Street’s Q3-21 report on the Central Florida multifamily market, spanning from Tampa Bay on the west through the Orlando area to the Space Coast on the east, explores key market indicators from demographic trends to rent growth to investment sales activity. The…

Q3-21 Multifamily Report: Jacksonville

Jacksonville Multifamily Market Presents Strong Value-Add Opportunities for Investors Franklin Street’s Q3-21 report on the Jacksonville Multifamily Market explores key indicators of the market’s health, from demographic trends to rent growth to investment sales activity. The report also offers exclusive insight and predictions from Franklin Street’s local experts on what can be expected from the…