South Florida, FL Multifamily Market Report | Colliers | Q1 2026

Market Overview

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South Florida's multifamily market maintained stable fundamentals in Q1 2026, with demand outpacing supply and cap rates holding near 5.0%, supporting pricing as transaction activity gradually improved. Quarterly sales volume totaled $946 million, well below the five-year average of $1.9 billion, though the trailing four-quarter average rose to $1.5 billion as buyer and seller expectations aligned. Average price per unit reached $325,921, up 15.7% year-over-year, and elevated insurance and operating costs continued to influence pricing even as interest rates eased.

‍About Colliers

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Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 South Florida multifamily report tracks occupancy, rents, absorption, deliveries, and investment sales activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.