Real estate trends ebb and flow as they do in any financial market. Supply and demand both play big factors in real estate availability, pricing and desirability. Since trends by definition, come and go, there may be more attractive times to buy or sell in the real estate market. According to a recent study, Fort Lauderdale is sixth in the nation for investable real estate, both residential and commercial real estate.
This means anyone thinking of investing in real estate in the Fort Lauderdale area should listen up. Whether for your commercial or business needs, or you are thinking of buying a second home in the area, as so many Florida real estate owners do, Fort Lauderdale is an attractive market as Fort Lauderdale’s detailed outlook found “positive sentiment regarding multifamily, industrial and single family, local economy, investor demand, and capital availability.” Specifically, the study indicated that a 12.4 percent population growth in residents ages 15 to 34 and an 8.6 percent growth in disposable income over the last five years.
With that demographic specifically mentioned, the rental market could really have the potential to boom, just based on the age demography and what we know about millennials and their habits. Especially since disposable income may give that specific demographic the ability to afford rent. These are just suggestions, based on the study’s findings and aren’t meant to be taken as specific investment advice. These studies merely make predictions about current and future trends in the real estate market. Fort Lauderdale ranked sixth of all investable cities with real estate potential.
Trying to predict markets, in some ways, is like trying to predict the weather. However, there are factors that can indicate that it is a good time to invest in real estate. Multiple factors can contribute to real estate trends, but some things, like demographics and income trends, do not lie. These statistics can be very telling. These contributed to Fort Lauderdale’s high ranking for real estate investment potential.
Source: miami.curbed.com, “Fort Lauderdale ranks 6th in most investable real estate markets, per study,” Josh Baumgard, Oct. 26, 2017