Lee & Assosciates 2025 Q3 South Florida FL Multifamily

Market Overview

‍The multifamily market in South Florida remains in solid demand mode, with over 15,000 units absorbed in the past twelve months and vacancy holding steady at approximately 6.5 percent. Asking rent averages around $2,264 per unit while the average sale price per unit has surged to about $308,654—underscoring strong investor confidence. With more than 52,300 units currently under construction, supply is active but demand remains healthy.

‍About Lee & Associates

‍Lee & Associates is a full-service commercial real estate advisory firm operating across North America. Their South Florida Q3 2025 multifamily market report leverages detailed data on absorption, vacancy, rent trends, deliveries and investment-market activity to help owners, developers and investors assess timing, supply risk and strategic positioning. To read the full report, click here.