10 Reasons to Invest Buy Multi Family Apartment Buildings in Fort Lauderdale Florida
Enviable Weather – A tropical paradise with an average yearly temperature of 76F 25C & an average winter temperature of 66F/19C. Don't forget the over 3,000 hours of sunshine each year.
Beautiful Beaches – Broward County has 23 miles of Atlantic Ocean coastline and 300 miles of navigable waterways, earning it the nickname, "the Venice of America". The city is a major yachting center, with 42,000 resident yachts and 100 marinas and boatyards.
Commercial & Investment Real Estate – Vacancy rates for all commercial sectors in Broward County are below the national average; retail and multi-family are outperforming most major markets in the USA.
World Travel Hub – This is one of my favorites and a top reason I moved here, I can catch a flight to all of my favorite travel destinations with Airlines Like Spirit Based here! One of the most active travel hubs in the nation with over 23 million airline passengers a year via 40 airlines with service to 60 US. and 40 international destinations.
Cruising the Waters a Big One – http://www.portevergladeswebcam.com/ More than 222,000 people statewide have jobs that are supported – directly, indirectly, induced or related – by Port Everglades. in state and local taxes. Overall, Broward County’s Port Everglades generates nearly $30 billion worth of economic activity through a diverse combination of cruise, cargo, petroleum, real estate and other revenue-producing enterprises. Port Everglades is recognized globally, nationally and statewide as a powerhouse port. Consider these remarkable statistics for FY2016 #1 Seaport in Florida by revenue — $162.6 million #1 Container port in Florida (#10 in US ) by volume — 1,037,226 TEUs #1 Seaport for exports in Florida — $11.7 billion (calendar year 2016) #1 U.S gateway for trade with Latin America, 15 percent of all U.S /Latin American trade moves through Port Everglades #1 Refrigerated cargo seaport in Florida — #6 in U.S #2 Petroleum port in Florida — 121.1 million barrels #3 Cruise port in the world for multi-day total passengers — 3.8 million total passengers, 3.7 million multi-day
A Top Place to Live & Work – Numerous cities in Broward County have repeatedly been ranked among the top placesto live, work and play in the USA. Compared to Many Countries and Cities South Florida Cities' air quality ranks Great! Personally having lived in Southern California and Parts of South America I can attest to this! Florida’s economy has and is growing increasingly diverse over the past 20 years. There is an increasing number of people relocating here during their working years because of an increased focus on quality of life.
Variety of Fort Lauderdale Multi Family-Apartment Buildings- Whether a duplex, triplex or 4plex in Fort Lauderdale or 5 to 40 unit commercial apartment building, you can find Ocean Views, Intercoastal, and park views. Many Fort Lauderdale Apartment Buildings are mixed in with nice residential housing which is quite common. Most are strong concrete block construction, coming from California the variety here is refreshing and of course more affordable!
Positive Migration (population growth) and a resulting increase in housing demand
Buildable land limited by geographic factors , signs of gentrification everywhere, tearing down older multi family properties and springing up of luxury condominium properties. This adds to pressure on rents going up. Several Key factors in South Florida points to increased stability and significant potential for accelerated property appreciation and a strong rental market.
Florida is a Magnet attracting US citizens and Companies who are escaping colder and less business-friendly states. I have lived in California and Arizona both warm states and the amount of Cold Climate folks moving here is really incredible for both the Beauty and Climate of Fort Lauderdale.
February 28, 2018
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