Connect CRE: Franklin Street Bags Record with $45M Sale of Retail Center in Tampa

May 3, 2022

Franklin Street has arranged the $44.5-million sale of The Corner at Westshore I & II in Tampa’s Westshore District. The 67,019-square-foot, Class A retail property sold for $664 per square foot, which according to the company makes it one of the largest post-pandemic retail transactions in the Tampa Bay market. A Franklin Street team of…

Q1-22 Multifamily Report: Jacksonville

May 2, 2022

Jacksonville market provides attractive opportunities for multifamily investors Jacksonville Multifamily Investment Much like the other major cities in the state, Northeast Florida has recently been benefiting from an influx of migration and capital. These trends have contributed to strong investment sales activity within Jacksonville’s multifamily market. Although the first quarter of the year saw lower…

Q1-22 Multifamily Report: South Florida

As South Florida continues to attract new residents and companies from around the world, demand from renters and investors follows. South Florida Multifamily Investment Multifamily price per unit values continued their growth patterns much like the rest of the metrics tracking the South Florida hub. Miami-Dade County sales price per unit averaged $412,612 for Class…

Q1-22 Multifamily Report: Central Florida

Rental rates and per unit pricing continue to rise as population growth creates strong demand for Central Florida multifamily Multifamily Rent Trends: Tampa Bay: Of all the Central Florida multifamily markets included in this report, Tampa-St. Petersburg experienced some of the sharpest increases in rental rates. Starting the year, Q1-22 rent per square foot was…

Q1-22 Multifamily Report: Atlanta

Atlanta multifamily maintains strong momentum in the first quarter of 2022 Atlanta Multifamily Investment Although Atlanta’s multifamily investment sales market hit a pandemic-driven low in Q2-20, it quickly recovered in 2021, achieving a record annual sales volume totaling over $18 billion. The market maintained momentum in Q1-22, starting the year with $2.82 billion in sales….