The latest insights from franklin street experts
New Ownership Promises Exciting Opportunities for Development and Community Growth Franklin Street is excited to announce a major achievement in the multifamily real estate sector
December 13, 2021
Average residential rents in South Florida were up 35.8% year over year, the highest for any U.S. metropolitan area, according to a report from Redfin. The report, released Nov. 23, stated average monthly rents nationwide increased 12.5%, to $1,895, in October. The average monthly rent in South Florida was $2,891 in October. Just behind South…
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The Atlanta industrial market is experiencing high rent growth. Two suburban markets in southeast and northeast parts of the state had strong third quarters because of it, according to the latest market report from commercial real estate agency Franklin Street. Industrial properties that specialize in logistics in Augusta and Gainesville both had 3% rent growth during…
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The Carter Park Apartments in the Durrs neighborhood of Fort Lauderdale sold for $13.6 million and the buyer could make upgrades to the property. BSD Carter Park LLC, an affiliate of Miami-based BSD Management, sold the 96-unit apartment complex at 700-745 N.W. 14th Terrace to MPG 700-745 LLC, an affiliate of Fort Lauderdale-based Metropolitan Property…
Learn MoreDecember 12, 2021
Sold for $19,600,000~$118 PPSF The Multi Family property located in Palm Bay that spans 166,648 square feet sold for $19,600,000 or $118 PPSF. The deal closed a little over 6 weeks ago. The brokers of the deal were Mark Savarese, Avery Jordan, Zachary (Zach) Ames and Darron Kattan. Read more here from Traded
Learn MoreDecember 10, 2021
Franklin Street’s Q3-21 report on Florida industrial logistics commercial real estate explores key data and metrics in industrial markets throughout the state. From rent growth to supply and demand factors, the report dives deep into the numbers driving Florida’s logistics CRE market. Report Highlights: Of all Florida markets surveyed, Fort Lauderdale posted the highest logistics…
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