{"id":786852,"date":"2023-09-28T14:28:04","date_gmt":"2023-09-28T18:28:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/institutional-property-advisors-releases-special-florida-renter-report\/"},"modified":"2023-09-28T14:28:04","modified_gmt":"2023-09-28T18:28:04","slug":"institutional-property-advisors-releases-special-florida-renter-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/institutional-property-advisors-releases-special-florida-renter-report\/","title":{"rendered":"Institutional Property Advisors Releases Special Florida Renter Report"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Institutional Property Advisors Releases Special Florida Renter Report<\/b><\/p>\n<p>CALABASAS, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&amp;esheet=53565539&amp;newsitemid=20230928890967&amp;lan=en-US&amp;anchor=Institutional+Property+Advisors+%28IPA%29&amp;index=1&amp;md5=46c5c4606d379d55b8a43bf2f720861e\">Institutional Property Advisors (IPA)<\/a>, a division of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marcusmillichap.com%2F&amp;esheet=53565539&amp;newsitemid=20230928890967&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=2&amp;md5=83b7c9b42cdd60ca386c9b0cca9d28e2\">Marcus &amp; Millichap (NYSE:MMI)<\/a>, has published a special new report: Florida\u2019s Apartment Renter Evolution.<\/p>\n<p>\n\u201cFlorida is adding renter households at a strong pace, realizing among the highest demand for apartments seen anywhere across the country,\u201d stated Greg Willett, first vice president and national director, research services, IPA. \u201cAmong households that have moved into professionally managed properties in the state\u2019s major metros during 2023, the average household annual income is approximately $123,400, about 27% above the U.S. mean of $97,400.\u201d<\/p>\n<p>\nIPA\u2019s Florida Apartment Renter Evolution<i \/>report provides investors with current data on the state\u2019s evolving renter profile, including:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe typical income of households moving into professionally managed apartments this year across the biggest metros is nearly a third higher than was recorded for new move-ins in 2019.<\/p>\n<\/li>\n<li>\nThe base of apartment renter households in Florida is growing rapidly, up 7.7 percent from early 2020 in the state\u2019s largest markets. Jacksonville and Orlando are growing quickly, but the expansion pace also tops the U.S. average in Tampa-St. Petersburg and Southeast Florida\u2019s Miami-Fort-Lauderdale-West Palm Beach area.<\/p>\n<\/li>\n<li>\nHelped by in-migration of affluent households from the Northeast region, the share of total job growth occurring in high-paying industries like professional and business services, finance, and information has doubled the historical norm.<\/p>\n<\/li>\n<\/ul>\n<p>\n\u201cWhile all the sizable apartment metros in Florida have experienced robust rent growth in recent years, North and Central Florida still hold a value perception compared to the nation\u2019s most expensive markets,\u201d added John Sebree, senior vice president and national director of the firm\u2019s Multi Housing Division.<\/p>\n<p>\nAccess IPA\u2019s Florida Apartment Renter Evolution report <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2Fresearch%2Fspecial-report%2F2023%2F09%2Fspecial-report-september-florida-apartments&amp;esheet=53565539&amp;newsitemid=20230928890967&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=0992c5e23b2a25d6d30cac8c5e70c0cc\">here<\/a>.<\/p>\n<p><b><i>About Institutional Property Advisors (IPA)<\/i><\/b><\/p>\n<p><i>Institutional Property Advisors (IPA) is a division of Marcus &amp; Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA\u2019s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit <\/i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&amp;esheet=53565539&amp;newsitemid=20230928890967&amp;lan=en-US&amp;anchor=www.institutionalpropertyadvisors.com&amp;index=4&amp;md5=fd462a453ea2037b2c41cb71b0759f8e\"><i>www.institutionalpropertyadvisors.com<\/i><\/a><\/p>\n<p><b><i>About Marcus &amp; Millichap, Inc. (NYSE: MMI)<\/i><\/b><\/p>\n<p><i>Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus &amp; Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit <\/i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marcusmillichap.com%2F&amp;esheet=53565539&amp;newsitemid=20230928890967&amp;lan=en-US&amp;anchor=www.MarcusMillichap.com&amp;index=5&amp;md5=9acd657a56014d52ae9d073f2ae99b4b\"><i>www.MarcusMillichap.com<\/i><\/a><i>.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230928890967r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230928890967\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230928890967\/en\/<\/a><\/span><\/p>\n<p><b>Gina Relva, VP of Public Relations<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:Gina.Relva@marcusmillichap.com\"><b>Gina.Relva@marcusmillichap.com<\/b><\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Construction &amp; Property Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230928890967\/en\/682345\/3\/MM_logo_288_300_whitebg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Institutional Property Advisors Releases Special Florida Renter Report CALABASAS, Calif.&#8211;(BUSINESS WIRE)&#8211;Institutional Property Advisors (IPA), a division of Marcus &amp; Millichap (NYSE:MMI), has published a special new report: Florida\u2019s Apartment Renter Evolution. \u201cFlorida is adding renter households at a strong pace, realizing among the highest demand for apartments seen anywhere across the country,\u201d stated Greg Willett, first vice president and national director, research services, IPA. \u201cAmong households that have moved into professionally managed properties in the state\u2019s major metros during 2023, the average household annual income is approximately $123,400, about 27% above the U.S. mean of $97,400.\u201d IPA\u2019s Florida Apartment Renter Evolutionreport provides investors with current data on the state\u2019s evolving renter profile, including: The typical income of households moving into &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/institutional-property-advisors-releases-special-florida-renter-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Institutional Property Advisors Releases Special Florida Renter Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786852","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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