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Florida Multifamily Market Updates, Specifically the Panhandle.

by Tori Lyczkowski on

The top four cities in the panhandle are Pensacola, Destin, Panama City, and Tallahassee.
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CBRE reported that the panhandle is starting to become an emerging industrial market.

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With the multiple labor incentives that Florida has released more and more people are moving to the state.

More than 1.7 million people live within 100 miles of the Florida Panhandle region. There is a projected growth rate of 3.9% over the next five years.

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Rental Market: Destin Florida

The average size for a Destin, FL apartment is 966 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

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Average Rental Comparison for Destin, FL:
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Like everywhere else Destin’s rental pricing trends will continue to match the national trends.
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Read the Full Rent Cafe Report